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please help with excels or risk solver this is the only part I need help with excel can you try your best TFCTV The owner
please help with excels or risk solver this is the only part I need help with
excel
can you try your best
TFCTV The owner of Sal's Italian Restaurant wants to study the growth of his business using simulation. He is interested in simulating the number of customers and the amount ordered by customers each month. He currently serves 1000 customers per month and feels this can vary uniformly between a decrease of as much as 5% and an increase of up to 9%. The bill for each customer is a normally distributed random variable with a mean of $20 and a standard deviation of $5. The average order has been increasing steadily over the years and the owner expects the mean order will increase by 2% per month. You have created the following spreadsheet to simulate the problem. B D 1 nitial Conditions: 2 Number of Customers: 3 Average Bat 4 $20 > 5 6 Avg. Bal 2 Month 1 8 Number of Customers 1014,80 1061.54 1054.23 1114.73 9 2 3 10 11 > 1208.94 > 12 13 5 6 $17 $23 $24 $31 525 516 $24 $31 $22 $28 Total Revenue $17,703 $24.645 $24.904 $35,001 $29.947 $21.202 $32.983 $40.851 530.548 $40.292 $44.899 $39.695 1310:42 > > 14 7 8 9 1352.23 1336.12 > 15 16 17 18 > 10 11 1412.07 1444.66 1462.64 1539.91 $31 > 12 $26 19 20 21 Income $382.670 SALS MODEL hp SALIS MODEL F G H 1 . E 1 Assumptions: 2 Max Decrease: 3 Mthl. Increase 4 Constant 5 5% 2% Max Increase: Std Dev: 9% 5 Uniform Normal Step by Step Solution
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