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Just complete problem #5 and show work/screenshots etc. No handwritten work!

Problem 3 (Scenario Manager for Newsvendor Problem - 12 points): Create a model to calculate the profits for a company making this product. The formula for profits is: Profits = revenue-fixed costs -variable costs Revenue = unit price units sold Variable costs = unit cost * quantity produced Units sold you need to figure out for yourself Unit price Unit cost Fixed cost Quantity produced $60 $35 $550,000 60,000 Uncertain Demand Case Recession Poor growth Base-case Lucky Boom Probability 0.1 0.2 Quantity 35,000 45,000 55,000 65,000 75,000 0.2 0.1 Using Scenario Manager, create a scenario summary of the demand quantity and profits. You will not receive full credit unless I see a single scenario summary report is generated by scenario manager. Problem #4 (Excel Data Table - 12 points): Use the spreadsheet you have from above, create a data table in which the input variable to be changed is demand and show the resulting profit. You will not receive full credit unless I see that you have used a data table The values for demand are: Demand 40,000 45,000 50,000 55,000 60,000 65,000 70,000 75,000 Profit ??? ??? ??? ??? ??? ??? ??? ??? Problem 5 (Excel Monte Carlo Simulation - 12 points): given the above model and data and the probabilities from problem #3), run thirty (30) experiments for the uncertain demand and show the corresponding thirty values for the resulting profits. What is the expected value of the profit from your experiments? Problem 3 (Scenario Manager for Newsvendor Problem - 12 points): Create a model to calculate the profits for a company making this product. The formula for profits is: Profits = revenue-fixed costs -variable costs Revenue = unit price units sold Variable costs = unit cost * quantity produced Units sold you need to figure out for yourself Unit price Unit cost Fixed cost Quantity produced $60 $35 $550,000 60,000 Uncertain Demand Case Recession Poor growth Base-case Lucky Boom Probability 0.1 0.2 Quantity 35,000 45,000 55,000 65,000 75,000 0.2 0.1 Using Scenario Manager, create a scenario summary of the demand quantity and profits. You will not receive full credit unless I see a single scenario summary report is generated by scenario manager. Problem #4 (Excel Data Table - 12 points): Use the spreadsheet you have from above, create a data table in which the input variable to be changed is demand and show the resulting profit. You will not receive full credit unless I see that you have used a data table The values for demand are: Demand 40,000 45,000 50,000 55,000 60,000 65,000 70,000 75,000 Profit ??? ??? ??? ??? ??? ??? ??? ??? Problem 5 (Excel Monte Carlo Simulation - 12 points): given the above model and data and the probabilities from problem #3), run thirty (30) experiments for the uncertain demand and show the corresponding thirty values for the resulting profits. What is the expected value of the profit from your experiments

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