please answer using excel

Warranty costs Reconsider the Warranty costs problem of Session 20. Suppose that the company has collected more accurate data for the life of a camera: So, the probability that a camera will fail in year 1 is 0.03 , in year 2 is 0.31 , in year 3 is 0.39 , etc. Assume that all failures happen in the middle of the year, so the probability that it fails after 0.5 year is 0.03 , after 1.5 years is 0.31 , after 2.5 years is 0.39 , etc. Also, the management has decided to limit the replacement to only 1 camera. Therefore, they will not replace a replaced camera any more. Simulate 1000 replications to estimate, for a given sale, the average profit under these new information. Warranty costs Reconsider the Warranty costs problem of Session 20. Suppose that the company has collected more accurate data for the life of a camera: So, the probability that a camera will fail in year 1 is 0.03 , in year 2 is 0.31 , in year 3 is 0.39 , etc. Assume that all failures happen in the middle of the year, so the probability that it fails after 0.5 year is 0.03 , after 1.5 years is 0.31 , after 2.5 years is 0.39 , etc. Also, the management has decided to limit the replacement to only 1 camera. Therefore, they will not replace a replaced camera any more. Simulate 1000 replications to estimate, for a given sale, the average profit under these new information