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Answer the following question using 1 0 0 0 trials of simulation. Consider the spreadsheet for a Newsvendor Model. What decision for purchase quantity results

Answer the following question using 1000 trials of simulation.
Consider the spreadsheet for a Newsvendor Model. What decision for purchase quantity results in the highest profit?
A B C D E
1 Newsvendor Model Historical Candy Sales
250
3 Data 45
440
5 Selling price $15.0046
6 Cost $10.0043
7 Discount price $5.0043
8Demand 46
942
10Decision Variable 44
11 Purchase Quantity 4843
1247
13Model 41
14 Quantity Sold 41
15 Surplus Quantity 45
1651
17 Profit 43
1845
1942
2044
2148
2242
2348
2443
2549
2650
35
45
55
65

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