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Suppose that the demand for cars is normally distributed with mean of 120 and standard deviation of 20.Use @Risk simulation add-in to determine the "best" order quantity; that is,the one that has the largest expected profit.Using the statistics and/or graphs from @Risk,discuss whether this order quantity would not be considered the "best" by the car dealer.
Solver Button
A feature in spreadsheet software that allows users to find optimal solutions to complex mathematical problems.
Analyze Group
A process or method of breaking down data or issues into smaller components to understand their structure and implications.
Data Tab
A section within software applications where users can access and manipulate data-related functions and settings.
Integer
A whole number that can be positive, negative, or zero.
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