Question: Please, show how to fill table below with Excel functions. Payoff Table: 5. Zed and Adrian and run a small bicycle shop called Z to

Please, show how to fill table below with Excel

Please, show how to fill table below with Excel functions.

Payoff Table:

Please, show how to fill table below with Excel

5. Zed and Adrian and run a small bicycle shop called "Z to A Bicycles". They must order bicycles for the coming season. Orders for the bicycles must be placed in quantities of twenty (20). The cost per bicycle is $70 if they order 20. 567 if they order 40. $65 if they order 60, and $64 if they order 80. The bicycles will be sold for $100 each. Any bicycles left over at the end of the season can be sold (for certain) at $45 each. If Zed and Adrian run out of bicycles during the season, then they will suffer a loss of "goodwill" among their customers. They estimate this goodwill loss to be $5 per customer who was unable to buy a bicycle. Zed and Adrian estimate that the demand for bicycles this season will be 10.30, 50, or 70 bicycles with probabilities of 0.2, 0.4, 0.3, and 0.1 respectively. Find the best action under each of the four decision criteria. State of Nature Demand 30 Demand 50 Demand 10 Demand 70 Action Buy 20 Buy 40 Buy 60 Buy 80

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