The University of Cincinnati Center for Business Analytics is an outreach center that collaborates with industry partners on applied research and continuing education inbusiness analytics. One of the programs offered by the center is a quarterly Business Intelligence Symposium. Each symposium features three speakers on the real-worlduse of analytics. Each corporate member of the center (there are currently 10) receives five free seats to each symposium. Nonmembers wishing to attend must pay $75per person. Each attendee receives breakfast, lunch, and free parking. The following are the costs incurred for putting on this event:Rental cost for the auditoriumRegistration processingSpeaker costsContinental breakfastLunchParking$150$8.50 per person3@$800 = $2,400$4.00 per person$7.00 per person$5.00 per person(a) Build a spreadsheet model that calculates a profit or loss for 100 nonmember registrants. If required, round your answer to two decimal places.$(b) Use Goal Seek to find the number of nonmember registrants that will make the event break even. Do not round your intermediate calculations. If required, round youranswer to the nearest whole number.nonmember registrants

Answered: (a) Build a spreadsheet model that…

Practical Management Science

6th Edition

ISBN:9781337406659

Author:WINSTON, Wayne L.

Publisher:WINSTON, Wayne L.

Chapter2: Introduction To Spreadsheet Modeling

Section: Chapter Questions

Problem 20P: Julie James is opening a lemonade stand. She believes the fixed cost per week of running the stand...

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Need answer ASAP. Please include the solution for the problem. Thank you.
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