58. You are responsible for valuing the inventory of a crude oil depot based on daily closing prices, and you havecreated a spreadsheet to help you. The cells in column A tell the ownership status of individual grades of oil(Holding or Not Holding), column B reports the closing price, and column C issues instructions based on theclosing price (Bid, Offer, or Do Nothing). The rules for taking action are as follows:If the closing price is >=$75 and we own the oil, we will Offer it for sale.If the closing price is <=$55 and we do not own the oil, we will Bid for its acquisition.Otherwise, we will Do Nothing.What formula should you enter in cell C2 to conduct this analysis?€IF(A2="Holding", B2>=75), "Offer",IF((A2="Not Holding",B2<=55), "Acquire","Do Nothing"))IF(AND(A2="Holding", B2>=75), "Offer",IF(AND(A2="Not Holding", B2<=55),"Offer","Do Nothing"))IF(AND(A2="Not Holding", B2>=75), "Offer",IF(AND(A2=" Holding", B2<=55), "Bid","Do Nothing"))IF(AND(A2="Holding", B2>=75),"Offer",IF(AND(A2="Not Holding", B2<=55),"Acquire", "Do Nothing"))27

In this scenario, we're tasked with automating decision-making for a crude oil depot's inventory…

Answered: 58. You are responsible for valuing the…

Database System Concepts

7th Edition

ISBN:9780078022159

Author:Abraham Silberschatz Professor, Henry F. Korth, S. Sudarshan

Publisher:Abraham Silberschatz Professor, Henry F. Korth, S. Sudarshan

Chapter1: Introduction

Section: Chapter Questions

Problem 1PE

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A year in the modern Gregorian Calendar consists of 365 days. In reality, the earth takes longer to rotate around the sun. To account for the difference in time, every 4 years, a leap year takes place. A leap year is when a year has 366 days: An extra day, February 29th. The requirements for a given year to be a leap year are: 1) The year must be divisible by 4 2) If the year is a century year (1700, 1800, etc.), the year must be evenly divisible by 400 Some example leap years are 1600, 1712, and 2016. Write a program that takes in a year and determines whether that year is a leap year. Ex: If the input is: 1712 the output is: 1712 is a leap year. Ex: If the input is: 1913 the output is: 1913 is not a leap year. Your program must define and call the following function. The function should return True if the input year is a leap year or False otherwise.def is_leap_year(user_year)
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