Question: Please provide with excel formula, Thank you. 2. A baker is trying to figure out how many dozens of bagels to bake each day. The

Please provide with excel formula, Thank you. 2.

Please provide with excel formula, Thank you.

2. A baker is trying to figure out how many dozens of bagels to bake each day. The probability distribution of the number of baget customers is as follows: Number of Customers/Day Probability 10 12 0.35 0.30 0.25 14 0.10 Customers order 1, 2, 3, or 4 dozen bagels according to the following probability distribution. Number of Dozen Ordered/Customer1 2. 3 4 Probability 0.4 0.3 0.2 0.1 Bagels sell for $8.40 per dozen. They cost $5.80 per dozen to make. All bagels not sold at the end of the day are sold at half-price to a local grocery store. Based on 5 days of simulation, how many dozen (to the nearest 5 dozen) bagels should be baked each day? Explain your justification for the answer in the conclusion part

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