The University of Cincinnati Center for Business Analytics is an outreach center that collaborates with industry parthers on applied research and continuing education in business analytics. One of the programs offered by the center is a quarterly Business Intelligence Symposium. Each symposiam features three speakers on the real-worid use of analytics. Each corporate member of the center (there are currently 10 ) receives fourteen free seats to each syinposiumi Nonmembers wishing to attend must pay 575 per person. Each attendee receives breakfast, funch, and free parking. The following are the costs incurted far putting on this event: (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. Build a spreadsheet model that caiculates a profit or loss based on the number of nonmember registrants. Account for the fact that, historically, 25% of members who registered do not show and 1094 of registered nonmembers do not attend. The center pays the caterer for breakfast and lunch based on the number of registrants (not the number of attandees). However, the center enly pays for parking for those who attend. What is the profit if each corporate mamber registers their full allotment of bickets and 127 nenmembers registen? If required, round your answers to two decimal places: (b) Use a two-way dati table to show how profit changes as a function of number of registered nonmembers and the no-show percentage of nonimimbein Vary number of nonmember registrants fram 80 to 160 in increments of 5 and the percentage of nonmember no-shows from 10% to 3074 in incremisit. of 2%. In which interval of nonmember registrants does breakeven occur if the percentaye of nocimember no-showa is 22 w? Breakeven appears in the interval of (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. Build a spreadsheet model that calculates a profit or loss based on the riumber of nonmember registrants. Account for the fact that, historically, 25% of members who registered do not show and 10% of registered nonmembers 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 only pays for parking for those who attend. What is the profit if each corporate member registers their full allotment of tickets and 127 nanmembers register? If required, round your answers to two decimal places, (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 nenmernbers. Vary number of nonmember registrants from 80 to 160 in increments of 5 and the percentage of nonmember no-shows from 10% to 30% in incremients of 2%. In which interval of nonmember registrants does breakeven occur if the percentage of nonmember no-shows is 22% ? Breakeven appears in the interval of registered nonmembersi (c) Consider three scenarios All other inputs are the same as in part (a). Use Scenario Manager to generate a summary report that gives the profit for each of these three scenairios. What is the highest profit? What is the lowest profit? If required, round your answers to two decimal places, for subtractive or negative numbers use a minus sign. The highest profit is 5 The lowest profit is 5
