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2. Bob and Jenny are graduating from Krannert in May and plan to get married in June. One of the challenges facing them is to

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2. Bob and Jenny are graduating from Krannert in May and plan to get married in June. One of the challenges facing them is to gure out how many meals to have prepared for the reception. They are inviting 200 people but they have read that not everyone will attend. The best estimate they have is that the number that will attend is binomial distribuition with an N of 200 and p of 0.8. Each meal they reserve for the reception costs them $18. If the reception hall staff has to set up extra tables and serve additional meals that were not planned for, the cost per additional meal is $25. Tryvalues of 140, 145, 150, 155, 160, 165, 170, 175, and 180. a. Using only Excel functions, use simulation with a minimum of 500 trials to determine the best number of reservations to make. b. Using @RISK, simulate the number that come to the wedding to determine the best number of reservations to malte

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