Quantitative Methods discussed the importance of using the quantitative analysis approach and applying the seven steps to follow. Additionally, as part of the topic, the use of the break$-$even $($BOP$)$ solution was discussed. In this assignment, the student will create a real$-$life modeling scenario of a hypothetical fast$-$food restaurant situation and apply the break$-$even solution to it$.$

Using the seven steps of the quantitative analysis approach, model a profit$-$maximization problem in a fast$-$food restaurant.

Using your creativity, give it a name and location.

You should explain each step using the Table: Modeling in a Real$-$Life Scenario included below, as closely as possible to a real$-$life situation.

Also perform the profit optimization analysis using the break$-$even $($BOP$)$ solution with the following data: $(1)$ fixed costs $$11,893,(2)$ price $$18\mathrm{.}00,$ and $(3)$ variable cost per unit $$12\mathrm{.}60.$ The student will assume this data comes from the company.

Also include a profit volume number to determine whether the business is in profit or loss.

For the estimation, you will use the Excel QM or QM for Windows tool.