Recall that Walton Bookstore buys calendars for $7.50, sells them at the regular price of $10, and gets a refund of $2.50 for all calendars that cannot be sold. In contrast to Example 11.1, we now...

Recall that Walton Bookstore buys calendars for $7.50, sells them at the regular price of $10, and gets a refund of $2.50 for all calendars that cannot be sold. In contrast to Example 11.1, we now assume that Walton estimates a triangular probability distribution for demand, where the minimum, most likely, and maximum values of demand are 100, 175, and 300, respectively. The company wants to use this probability distribution, together with @RISK, to simulate the profit for any particular order quantity. It eventually wants to find the best order quantity.

Objective To learn about @RISK’s basic functionality by revisiting the Walton bookstore proble