Question: Q 5 B - The cheesecake shop problem: - The seller buys cakes for 3 3 SR each and sells for 5 0 SR each.

Q5B- The cheesecake shop problem:
- The seller buys cakes for 33 SR each and sells for 50 SR each.
- The cakes not sold at the end of the day are sold as scrap for 5 SR each.
- Cheesecakes can be purchased in bundles of 10. Thus the merchant can buy \(40,50,60\), and so on. You are required to simulate for a daily purchase of 70 cakes ONLY.
- There are three types of cake days, "good", "fair", and "'poor" with probabilities of \(0.35,0.45\) and 0.20.
- The demand distribution for each type of days is listed in the table.
- Profit is calculated as profit = revenue - cost - lost profit from excess demand + salvage
- Make a simulation Table to calculate daily profit
- Run the simulation by hand for 5 days given the following random digits \((4,50,62,38,5)\) for Type of day and \((88,99,28,90,43)\) for Demand.
- EXTRA POINTS
- Run the simulation for a month using excel
- Use data tables to make 100 runs to calculate mean profit of the month and 95\% CI
Q 5 B - The cheesecake shop problem: - The seller

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