Question: Solve the following problem. Please show work A B D E F G H 1 J K L 1 BAND-Profit Model 2 3 A garage

Solve the following problem. Please show work

A B D E F G H 1 J K L 1 BAND-Profit Model 2 3 A garage band wants to hold a concert. The expected 4 crowd is 2,500. The average expenditure on conces- 5 sions is $25. Tickets sell for $20 each, and the band's 6 profit is 80% of the gate and concession sales minus a 7 fixed cost of $18,000. Develop a mathematical model and implement it on a spreadsheet to find the band's expected profit. 11 a. Develop a model clearly showing DATA, MODEL, OUTPUT areas 12 b. Develop a 1-Way Data table for Profit for different crowd sizes from 1500 to 3500 in steps of 100 8 9 10 13 14 15 16 17 18 19 20 21 22 23

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