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Business
Management
Input Area Cost Per Hour                $1500.00 Outage Duration (hours)    3 Output Area Total Cost for Outage     $4500.00   One-Variable Data Table: Cost Outage Impact Analysis  Duration  (hr)                                      (Cost) 1                                         $1500.00 1.5                                      $2250.00 2                                         $3000.00 2.5                                       $3750.00 3                                          $4500.00

Input Area Cost Per Hour                $1500.00 Outage Duration (hours)    3 Output Area Total Cost for Outage     $4500.00   One-Variable Data Table: Cost Outage Impact Analysis  Duration  (hr)                                      (Cost) 1                                         $1500.00 1.5                                      $2250.00 2                                         $3000.00 2.5                                       $3750.00 3                                          $4500.00

Understanding Business
Understanding Business
12th Edition
ISBN:9781259929434
Author:William Nickels
Publisher:William Nickels
Chapter1: Taking Risks And Making Profits Within The Dynamic Business Environment
Section: Chapter Questions
Problem 1CE
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Input Area

Cost Per Hour                $1500.00

Outage Duration (hours)    3

Output Area

Total Cost for Outage     $4500.00

 

One-Variable Data Table: Cost

Outage Impact Analysis 

Duration 

(hr)                                      (Cost)

1                                         $1500.00

1.5                                      $2250.00

2                                         $3000.00

2.5                                       $3750.00

3                                          $4500.00

3.5                                       $5250.00

4                                          $6000.00

4.5                                       $6750.00

5                                           $7500.00

 

Given the data above 

  • Which What If Analysis tool is the worksheet using?
  • Provide a description of the What If Analysis tool and why it was used in the worksheet.
  • Interpret what the data means.
  • Discuss what it means for the business.
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