Exhibit 12.5 The Following Questions Use the Information Below

question 36

Essay

Exhibit 12.5
The following questions use the information below.
The owner of Sal's Italian Restaurant wants to study the growth of his business using simulation. He is interested in simulating the number of customers and the amount ordered by customers each month. He currently serves 1000 customers per month and feels this can vary uniformly between a decrease of as much as 5% and an increase of up to 9%. The bill for each customer is a normally distributed random variable with a mean of $20 and a standard deviation of $5. The average order has been increasing steadily over the years and the owner expects the mean order will increase by 2% per month. You have created the following spreadsheet to simulate the problem.
-Using the information in Exhibit 12.5 and the Analytic Solver Platform, what formulas should go in cells B8:D21 of the spreadsheet?
Instructions: Answer the following questions using the Analytic Solver Platform Excel add-in.

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Definitions:

Government Response

The actions taken by a governmental entity to address a particular issue or crisis.

Registration Request

A formal application or submission for recording an official or legal status, such as for trademarks, companies, or securities.

Transfer Complete

This term is not well-defined in a general context and could relate to various fields, generally implying that a transfer process of an item, information, or responsibility has been fully executed. NO.

Old Automobile

An old automobile refers to a car that has aged significantly, often considered to be a classic or vintage vehicle based on its historical value or date of manufacture.