Answer the following:   Use a data table to determine the range of costs you might encounter when it is time to purchase the item and install it.

Practical Management Science
6th Edition
ISBN:9781337406659
Author:WINSTON, Wayne L.
Publisher:WINSTON, Wayne L.
Chapter2: Introduction To Spreadsheet Modeling
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You are the proposal manager for an opportunity to design and build a new assembly line for the production of artificial heart valves.  A required equipment item is a 3-D X-ray inspection system.                                                                                                                                                                                         

You have discussed purchase of the equipment with management, and their preference is to purchase the item as the assembly line is nearing completion (potentially up to 6 months away).  You can use a rough estimate for the bid but would like to know the cost range you could anticipate in order to quantify project risk.  The current price of the system is $75,500.00, and the current cost for installation is 15% of the purchase price.  Price could vary by as much as +/- 10%, and installation may vary by +/- 5%, although the prices have not varied by that much in the past 6 months.

                                                     

Answer the following:  

Use a data table to determine the range of costs you might encounter when it is time to purchase the item and install it.

 

Please include excel formulas if possible

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