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Please answer Newsboy questions with Excel,for upvot formulas step by step and clearly. с E G selling price purchase salvage value marginal marginal 1 (SP) price (PP) (SV) profit (MP) loss (ML) 2 3 p 4 5

Please answer Newsboy questions with Excel,for upvot formulas step by step and clearly. с E G selling price purchase salvage value marginal marginal 1 (SP) price (PP) (SV) profit (MP) loss (ML) 2 3 p 4 5

MATLAB: An Introduction with Applications
MATLAB: An Introduction with Applications
6th Edition
ISBN:9781119256830
Author:Amos Gilat
Publisher:Amos Gilat
Chapter1: Starting With Matlab
Section: Chapter Questions
Problem 1P
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Please answer Newsboy questions with Excel ,for upvoting please explain excel formulas step by step and clearly. G H salvage value marginal (SV) selling price purchase marginal 1 (SP) price (PP) profit (MP) loss (ML) 2 5 cumulative 6 order 7 quantity relative frequency frequency P(D=q) P(D>=q) 9. 65 0.07 10 66 0.09 11 67 0.13 12 68 0.15 13 69 0.18 14 70 0.16 15 71 0.12 16 72 0.06 17 73 0.04 18 19 20 21 D P(D) Sales Turnover Cost Salvage value Exp. profit 22 23 65 0.07 24 66 0.09 25 67 0.13 26 68 0.15 27 69 0.18 28 70 0.16 29 71 0.12 30 72 0.06 31 73 0.04 32 33 Newsboy Billy's Bakery bakes fresh bagels each morning. The daily demand for bagels is a random variable with a distribution estimated from prior experience. The bagels cost Billy's 30 cents to make, and they are sold for 1.20€ each. Bagels unsold at the end of the day are purchased by a nearby charity soup kitchen for 10 cents each. What is Billy's marginal profit and marginal loss for each bagel sold / unsold Marginal profit (MP): Marginal loss (ML): What is the necessary selling probability P* needed for determining the optimal production quantity of bagels? What is Billy's expected profit (in €) when he bakes 50 bagels?
Transcribed Image Text:Please answer Newsboy questions with Excel ,for upvoting please explain excel formulas step by step and clearly. G H salvage value marginal (SV) selling price purchase marginal 1 (SP) price (PP) profit (MP) loss (ML) 2 5 cumulative 6 order 7 quantity relative frequency frequency P(D=q) P(D>=q) 9. 65 0.07 10 66 0.09 11 67 0.13 12 68 0.15 13 69 0.18 14 70 0.16 15 71 0.12 16 72 0.06 17 73 0.04 18 19 20 21 D P(D) Sales Turnover Cost Salvage value Exp. profit 22 23 65 0.07 24 66 0.09 25 67 0.13 26 68 0.15 27 69 0.18 28 70 0.16 29 71 0.12 30 72 0.06 31 73 0.04 32 33 Newsboy Billy's Bakery bakes fresh bagels each morning. The daily demand for bagels is a random variable with a distribution estimated from prior experience. The bagels cost Billy's 30 cents to make, and they are sold for 1.20€ each. Bagels unsold at the end of the day are purchased by a nearby charity soup kitchen for 10 cents each. What is Billy's marginal profit and marginal loss for each bagel sold / unsold Marginal profit (MP): Marginal loss (ML): What is the necessary selling probability P* needed for determining the optimal production quantity of bagels? What is Billy's expected profit (in €) when he bakes 50 bagels?
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