Question: PLEASE SHOW SOLUTION IN MS EXCEL! 6. (20 pts) Loebuck Grocery orders milk from a dairy on a weekly basis. The manager of the store

PLEASE SHOW SOLUTION IN MS EXCEL!

6. (20 pts) Loebuck Grocery orders milk from a dairy on a weekly basis. The manager of the store has developed the following probability distribution for demand per week (in cases): Demand (cases) Probability 15 0.20 16 0.25 0.40 18 1.00 17 0.15 The milk costs the grocery $10 per case and sells for $16 per case. The carrying cost is $0.50 per case per week, and the shortage cost is $1 per case per week. Simulate the ordering system for Loebuck Grocery for 20 weeks. Use a weekly order size of 16 cases and compute the average weekly profit for this order size. Explain how the complete simulation for determining order size would be developed for this

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