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A US-based company is thinking about taking on a new project in London (United Kingdom). According to their contract, the US-based company has agreed to
A US-based company is thinking about taking on a new project in London (United Kingdom). According to their contract, the US-based company has agreed to complete the project within 180 days. If the project is delivered late, there is a penalty of 1,000 (1000 British Pounds) for each day that the project is late. The expected exchange rate is provided in your worksheet. Additionally, since there are several stages in the project, the number of days it will take to complete the project is uncertain. They think there is a 25% charce they will finish in 180 days or less, which means there is a high probability that they will incur a late penalty. The table in cells B15:C24 contains the possible days to project completion and the probability of each. Complete the model that has been started for you on the Model worksheet. To be eligible for credit, each of the following must be in its own cell, and the relevant cells must be referenced as requested at the top of the worksheet. Remember: No formulas or functions
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