Question: please add the excel formulas for the answer. X fx D G H DE E F States of Nature Demand 50 60 70 Alternatives Order

please add the excel formulas for the answer. X

please add the excel formulas for the answer.

X fx D G H DE E F States of Nature Demand 50 60 70 Alternatives Order 50 Order 60 Order 70 Probabilities 0.4 0.5 0.1 They should order units 1 Orders for clothing from a 2 suppliers for next year's 3 summer season must be 4 placed in October. The cost 5 per unit for a swimsuit is $20, 6 while the anticipated selling 7 price is $50. Demand is 8 projected to be 50, 60, or 70 9 units. There is a 40 percent 10 chance that demand will be 50 11 units, a 50 percent chance that 12 demand will be 60 units, and a 13 10 percent chance that 14 demand will be 70 units. The 15 company plans to donate any 16 leftover suits; they will 17 receive no value for the 18 donations. How many suits 19 should be ordered in October 20 to maximize their expected 21 profit? Use the prepared 22 table to the left for your 23 calculations. All calculations 24 Must be completed in Excel 25 using Excel formulas. Four 26 points

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