Question: What does it mean when it asks to develop a model (in excel)? With the growth of digital photography, a young entrepreneur is considering establishing

What does it mean when it asks to develop a model (in excel)?

What does it mean when it asks to develop a model

With the growth of digital photography, a young entrepreneur is considering establishing a new busi- ness, Cruz Wedding Photography. He believes that the average number of wedding bookings per year is 15. One of the key variables in developing his busi- ness plan is the life he can expect from a single digital single lens reflex (DSLR) camera before it needs to be replaced. Due to heavy usage, the shutter life ex- pectancy is estimated to be 150,000 clicks. For each booking, the average number of photographs taken is assumed to be 2,000. Develop a model to determine the camera life in years)

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