-5. Consider again the scenario described in Problem 4. a. The Center for Business Analytics is considering a refund policy for no-shows. No refund would be given for members who do not attend, but nonmembers who do not attend will be refunded 50% of the price. Extend the model you developed in Problem 4 for the Business Intelligence Symposium to account for the fact that, his- torically, 25% of members who registered do not show and 10% of registered non- members do not attend. The center pays the caterer for breakfast and lunch based on the number of registrants (not the number of attendees). However, the center pays for parking only for those who attend. What is the profit if each corporate member registers their full allotment of tickets and 127 nonmembers register? b. Use a two-way data table to show how profit changes as a function of number of registered nonmembers and the no-show percentage of nonmembers. Vary the num- ber of nonmember registrants from 80 to 160 in increments of 5 and the percentage of nonmember no-shows from 10 to 30% in increments of 2%. c. Consider three scenarios: Best Case Worst Case 50% 15% % of Members who do not show % of Nonmembers who do not show Number of Nonmember Registrants Base Case 25.0% 10.0% 130 30% 5% 100 150 All other inputs are the same as in part a. Use Scenario Manager to generate a sum- mary report that gives the profit for each of these three scenarios. What is the highest profit? What is the lowest profit? -5. Consider again the scenario described in Problem 4. a. The Center for Business Analytics is considering a refund policy for no-shows. No refund would be given for members who do not attend, but nonmembers who do not attend will be refunded 50% of the price. Extend the model you developed in Problem 4 for the Business Intelligence Symposium to account for the fact that, his- torically, 25% of members who registered do not show and 10% of registered non- members do not attend. The center pays the caterer for breakfast and lunch based on the number of registrants (not the number of attendees). However, the center pays for parking only for those who attend. What is the profit if each corporate member registers their full allotment of tickets and 127 nonmembers register? b. Use a two-way data table to show how profit changes as a function of number of registered nonmembers and the no-show percentage of nonmembers. Vary the num- ber of nonmember registrants from 80 to 160 in increments of 5 and the percentage of nonmember no-shows from 10 to 30% in increments of 2%. c. Consider three scenarios: Best Case Worst Case 50% 15% % of Members who do not show % of Nonmembers who do not show Number of Nonmember Registrants Base Case 25.0% 10.0% 130 30% 5% 100 150 All other inputs are the same as in part a. Use Scenario Manager to generate a sum- mary report that gives the profit for each of these three scenarios. What is the highest profit? What is the lowest profit