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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