Question: 13. Define range names for all the entities in the Hotel Overbooking Model spreadsheet and apply them to the formulas in the model. Hotel Overbooking

13. Define range names for all the entities in

13. Define range names for all the entities in the Hotel Overbooking Model spreadsheet and apply them to the formulas in the model. Hotel Overbooking Model Data 1. Create Named ranges for each of these values Rooms available 300 Price $120 Overbooking cost $100 Model Reservation limit Customer demand Reservations made Cancellations Customer arrivals 310 312 2. Replace these formulas with ones using the named ranges instead of cell references. =MIN(B12, B13) 6. =B14-B15 Overbooked customers Net revenue =MAX(O, B16 - B6) =MIN(B16, B6) *B7 - B18*B8

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