Hello tutor, using excel "risk' software simulation, can you show a step to step solution on how to solve the question below:

Question

Paul and Paula are graduating in May and plan to get married in June. One of the challenges facing them is to figure out how many meals to have prepared for the reception. They are inviting 200 people, but they have read that not everyone will attend. The best estimate they have is that the number that will attend is binomial distribution with an N of 200 and p of 0.8. Each meal they reserve for the recep-tion costs them $21. If more people show up than the number they reserved, the reception hall staff must set up extra tables and prepare the additional meals. The cost per additional meal above the reserved number is $29. Try values of 138, 144, 150, 156, 162, 168, 172, and 178.

a. Using only Excel functions, use simulation with a minimum of 500 trials to determine the best number of reservations to make. b. Using @RISK, simulate the number that come to the wedding to determine the best number of reservations to make