Then insert a new row below row 11 that lists the probabilities of these demands. Next, in

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Then insert a new row below row 11 that lists the probabilities of these demands. Next, in the rows below the Profit Model label, calculate the units sold, revenue, cost, and profit for each demand. For example, the quantities in column C will be for the second possible demand. Finally, use SUMPRODUCT to calculate expected profit below the Profit row.

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Practical Management Science, Revised

ISBN: 9781118373439

3rd Edition

Authors: Wayne L Winston, S. Christian Albright

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