1 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 aquarterly Business Intelligence Symposium. Each symposium features three speakers on the real-world use of analytics. Each corporate member of the center (there are currently 9) receives five free seats to each symposium. Nonmemberswishing to attend must pay $70 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$150Registration processing$8.50 per personSpeaker costs3@$800 = $2,400Continental breakfast$4.00 per personLunch$7.00 per personParking$5.00 per person(a) Build a spreadsheet model that calculates a profitloss for 100 nonmember registrants. If required, round your answer to two decimal places.(b) Use Goal Seek to find the number of nonmember registrants that will make the event break even. Do not round your intermediate calculations. If required, round your answer to the nearest whole number.nonmember registrants

Fees for the Symposium = $70 per person Rental cost for auditorium = $150 Registration processing…

Answered: The University of Cincinnati Center for…

Practical Management Science

6th Edition

ISBN:9781337406659

Author:WINSTON, Wayne L.

Publisher:WINSTON, Wayne L.

Chapter2: Introduction To Spreadsheet Modeling

Section: Chapter Questions

Problem 20P: Julie James is opening a lemonade stand. She believes the fixed cost per week of running the stand...

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