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Old 08-25-2014, 10:47 PM
ezzy ezzy is offline
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Join Date: Jun 2013
Studying for MLC
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Default BBA Task 2

Hi All -

I'm not sure I'm doing the CTE() portion of Task 2 right...wanted to hear your ideas.

To assess what the price would be at a given profit level, and a given CTE level, say profit of 10% and CTE(95), I was doing a Goal-Seek on cell H11 of the Summary Statistics section. H11 is calculating the % of scenarios below the target profit threshold (10%), so to calculate CTE(95), I'd do a goal seek, where I'm setting H11 to 5% (because CTE(95) indicates that 5% of scenarios would be below the target level), by changing the Price cell...

Is that overcomplicating things? Should we simply be setting the goal-seek on the profit column, in column I, setting equal to the profit level we want to achieve, next to the related CTE options?

Any help is appreciated!
Ezzy
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