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
Chapter1: Taking Risks And Making Profits Within The Dynamic Business Environment
Section: Chapter Questions
Problem 1CE
Related questions
Question
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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