Richardson Ski Racing (RSR) sells equipment needed for downhill ski racing. One of RSR's products is fencing used on downhill courses. The fence product comes in 150-foot rolls and sells for $215 per roll. However, RSR offers quant discounts. The following table shows the price per roll depending on order size: Quantity Ordered From To 1 70 71 140 141 280 281 and up Click on the datafile logo to reference the data. DATA file (a) Use the VLOOKUP function with the preceding pricing table to determine the total revenue from these orders. (b) Use the COUNTIF function to determine the number of orders in each price bin. Number of Orders From 1 71 141 281 Price per Roll $215 $195 $175 $155 To 70 140 280 and up Price per Roll $215 $195 $175 $155 172

Operations Research : Applications and Algorithms
4th Edition
ISBN:9780534380588
Author:Wayne L. Winston
Publisher:Wayne L. Winston
Chapter15: Deterministic Eoq Inventory Models
Section: Chapter Questions
Problem 3RP
icon
Related questions
icon
Concept explainers
Question
Richardson Ski Racing (RSR) sells equipment needed for downhill ski racing. One of RSR's products is fencing used on downhill courses. The fence product comes in 150-foot rolls and sells for $215 per roll. However, RSR offers quantity
discounts. The following table shows the price per roll depending on order size:
Quantity Ordered
To
Price per Roll
From
1
70
$215
71
140
$195
141
280
$175
281
and up
$155
Click on the datafile logo to reference the data.
DATA file
(a) Use the VLOOKUP function with the preceding pricing table to determine the total revenue from these orders.
(b) Use the COUNTIF function to determine the number of orders in each price bin.
From
Number of
To
Price per Roll
70
$215
!!!
140
$195
280
$175
and up
$155
1
71
141
281
Orders
172
Transcribed Image Text:Richardson Ski Racing (RSR) sells equipment needed for downhill ski racing. One of RSR's products is fencing used on downhill courses. The fence product comes in 150-foot rolls and sells for $215 per roll. However, RSR offers quantity discounts. The following table shows the price per roll depending on order size: Quantity Ordered To Price per Roll From 1 70 $215 71 140 $195 141 280 $175 281 and up $155 Click on the datafile logo to reference the data. DATA file (a) Use the VLOOKUP function with the preceding pricing table to determine the total revenue from these orders. (b) Use the COUNTIF function to determine the number of orders in each price bin. From Number of To Price per Roll 70 $215 !!! 140 $195 280 $175 and up $155 1 71 141 281 Orders 172
Expert Solution
trending now

Trending now

This is a popular solution!

steps

Step by step

Solved in 4 steps with 3 images

Blurred answer
Knowledge Booster
Query Syntax
Learn more about
Need a deep-dive on the concept behind this application? Look no further. Learn more about this topic, computer-science and related others by exploring similar questions and additional content below.
Similar questions
  • SEE MORE QUESTIONS
Recommended textbooks for you
Operations Research : Applications and Algorithms
Operations Research : Applications and Algorithms
Computer Science
ISBN:
9780534380588
Author:
Wayne L. Winston
Publisher:
Brooks Cole
Np Ms Office 365/Excel 2016 I Ntermed
Np Ms Office 365/Excel 2016 I Ntermed
Computer Science
ISBN:
9781337508841
Author:
Carey
Publisher:
Cengage
Oracle 12c: SQL
Oracle 12c: SQL
Computer Science
ISBN:
9781305251038
Author:
Joan Casteel
Publisher:
Cengage Learning