Professor Rao would like to accurately calculate the grades for the 58 students in his Operations Planning and Scheduling class (OM 455). He has thus far constructed a spreadsheet, part of which follows:
The file RSR contains 172 orders that have arrived for the coming six weeks.
a. Use the VLOOKUP function with the preceding pricing table to determine the total revenue from these orders.
b. Use the COUNTIF function to determine the number of orders in each price bin.