Question: show excel work and steps 4. [ 30 points] A small supermarket is trying to forecast the demand for turkeys for the Thanksgiving. The purchasing

show excel work and steps

4. [ 30 points] A small supermarket is trying to forecast the demand for turkeys for the Thanksgiving. The purchasing manager believes the demand for turkey is governed by the following discrete random variable. a. What is the demand forecast using deterministic method? Show all calculations. b. Simulate the demand for 1000 replications. What is the fraction of instances (simulated probability) for each demand value? Show Excel screenshot. c. The supermarket pays $13 for a 16lb turkey and sells each turkey for $20. Any unsold turkey by the Thanksgiving can be sold at a discounted price of $5. How many turkeys should be ordered to maximize the profit? Show screen shots. d. What is the expected profit with simulation method? Show screen shots

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