Essentials of Business Analytics 1st Edition by Jeffrey Camm,James Cochran,Michael Fry,Jeffrey Ohlmann ,David Anderson

Exercise 16

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: The file RSR contains 172 orders that have arrived for the coming six weeks.

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.