Question: Please answer #4 and show all steps for spreadsheet and formulas. to break even with a demand of 3500 copies. The University of Cincinnati Center
to break even with a demand of 3500 copies. The University of Cincinnati Center for Business Analytics is an outreach center that collaborates with industry partners on applied research and continuing education in business analytics. One of the programs offered by the center is a quarterly Business Intelligence Symposium. Each symposium features three speakers on the real-worl use 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 $75 per person. Each attendee receives breakfast, lunch, and free parking. The following are the costs incurred for putting on this event: Rental cost for the auditorium Registration processing Speaker costs Continental breakfast Lunch Parking $150 $8.50 per person 3@$800 = $2400 $4.00 per person $7.00 per person $5.00 per person a. Build a spreadsheet model that calculates a profit or loss based on the number of b. Use Goal Seek to find the number of nonmember registrants that will make the e a. The Center for Business Analytics is considering a refund policy for no-shows nonmember registrants. break even. 5. Consider again the scenario described in Problem 4. No refund would be given for members who do not attend, but nonmembers who do not attend will be refunded 50% of the price. Extend the model you
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