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Today, we will explore sensitivity analysis in Microsoft Excel 2016 within a business context, focusing on different combinations of assumptions. This analysis involves examining various combinations of units sold and price points to determine profitability. Using a simple financial model for a chair store, we consider selling a thousand chairs annually at $150 each, with a $50 cost per chair and fixed costs for rent and payroll. The income statement includes revenue, cost, gross profit, fixed costs, and operating profit for analysis.