Question: Please help me with the formulas for the below: 1) In cell H2, use the Poisson cumulative probability distribution function to calculate the probability of

Please help me with the formulas for the below:

1) In cell H2, use the Poisson cumulative probability distribution function to calculate the probability of having 50 or fewer reservations.

2)In cells K3:K7 use the RAND function to generate five random probabilities

3)In cell L3 use the IFERROR and VLOOKUP functions to estimate the number of online reservations that will occur in each of the next five days.

Please help me with the formulas for the below:

126 A D F M H Probability Week 1 # of Reservations 99 K Estimated Reservations Random Reservations 2 1 2 2 3 4 5 6 Reservations 50 55 60 65 3 4 76 79 92 96 96 5 B Revenue $19,630.76 $21,374.15 $16,899.54 $16.244.54 $16,013.05 $9,738.56 $20,761.91 $18,817.44 $16,799.44 $16.534.88 $14,033.58 $12,854.07 70 C Moving Average #N/A #N/A $19,301.48 $18,172.74 $16,385.71 $13,998.72 $15,504.51 $16,439.30 $18,792.93 $17,383.92 $15,789.30 $14,474.18 6 7 7 8 9 75 80 85 90 107 78 92 84 109 7 8 9 10 11 12 13 14 15 16 17 18 19 E Date 1/6/2017 1/7/2017 1/8/2017 1/9/2017 1/10/2017 1/11/2017 1/12/2017 1/13/2017 1/14/2017 1/15/2017 1/16/2017 1/17/2017 1/18/2017 1/19/2017 1/20/2017 1/21/2017 1/22/2017 1/23/2017 1/24/2017 1/25/2017 1/26/2017 1/27/2017 10 11 12 81 83 97 96 95 100 105 110 115 120 125 130 135 140 145 150 99 80 95 20 21 22 87 80 104 93 23 24 25 Mean 91 26 27 Online Reservations Reservation Revenue Documentation 126 A D F M H Probability Week 1 # of Reservations 99 K Estimated Reservations Random Reservations 2 1 2 2 3 4 5 6 Reservations 50 55 60 65 3 4 76 79 92 96 96 5 B Revenue $19,630.76 $21,374.15 $16,899.54 $16.244.54 $16,013.05 $9,738.56 $20,761.91 $18,817.44 $16,799.44 $16.534.88 $14,033.58 $12,854.07 70 C Moving Average #N/A #N/A $19,301.48 $18,172.74 $16,385.71 $13,998.72 $15,504.51 $16,439.30 $18,792.93 $17,383.92 $15,789.30 $14,474.18 6 7 7 8 9 75 80 85 90 107 78 92 84 109 7 8 9 10 11 12 13 14 15 16 17 18 19 E Date 1/6/2017 1/7/2017 1/8/2017 1/9/2017 1/10/2017 1/11/2017 1/12/2017 1/13/2017 1/14/2017 1/15/2017 1/16/2017 1/17/2017 1/18/2017 1/19/2017 1/20/2017 1/21/2017 1/22/2017 1/23/2017 1/24/2017 1/25/2017 1/26/2017 1/27/2017 10 11 12 81 83 97 96 95 100 105 110 115 120 125 130 135 140 145 150 99 80 95 20 21 22 87 80 104 93 23 24 25 Mean 91 26 27 Online Reservations Reservation Revenue Documentation

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer
Step: 1 Unlock blur-text-image
Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock
Step: 3 Unlock

Students Have Also Explored These Related General Management Questions!