Question: The below is using Python In this question, we will develop an interesting business analysis model step-by-step. Through this question, you will study how to

The below is using Python

In this question, we will develop an interesting business analysis model step-by-step. Through this question, you will study how to do business analytics with just loop structures. A company called MetroMini has noticed that a minibus route between the university in A and B railway station should attract lots of passengers. You are recruited as the "business intelligence analyst" for MetroMini. The following lists the operation data for the minibus route. Each minibus can carry 19 passengers, The fuel cost for each one-way trip is $27 The daily wage for a driver is $620 The daily depreciation cost for a minibus is $264 The average daily maintenance cost for a minibus is $35 The driver works 8 hours per day Every single trip takes 30 minutes that includes traveling time, passengers boarding and aligning time, waiting time at the terminals and the rest time for the driver. The passenger arriving at the minibus terminal in a random manner throughout the 8 hours of operating time The fare for each passenger for a single trip is $7.5 The minibus always waits till the vehicle is full before its departures from the terminal. One problem the business development team is now facing is to determine how many minibusses should be allocated each day. Arranging too many minibusses will cause a loss in operation costs. Arranging too few will not handle the passenger needs which also means loss of business. The business team wishes to make as much profit as possible.

The below is using Python In this question, we will develop aninteresting business analysis model step-by-step. Through this question, you will study how

The ten numbers and the probabilities of their generation are given in the table below. Passengers Probabilities 1000 0.01 1500 0.02 2000 0.08 0.13 0.18 2500 3000 3500 4000 4500 0.21 0.21 0.10 5000 0.04 0.02 5500

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