Question 6 In the "Input Analysis" section of the spreadsheet model, calculate a sales forecast for each type of product if expected attendance at the future event is 18000 people. Reference cell 113 (the attendance forecast) for your calculations. Question 7: In the "Input Analysis" section of the spreadsheet model, calculate the upper limit for your sales forecast for each type of product if expected attendance at the future event is 18000 people. Reference the confidence interval you created for your calculation. R S T U V W You are the owner of a small business that manages the program, food, and merchandise sales at the Excel Center, where the local professional basketball team plays. In addition to basketball games, the Excel Center hosts dozens of event a year. Your company handles all sales made inside the arena. There are three major products that you sell: programs, food, and merchandise. You have decided to build a spreadsheet model to help you analyze and project the profitability of future events. The 'Event Profit' worksheet contains this model. You have randomly selected sales and attendance data from a number of past events to help build your model. This data can be found on the on the 'Past Events' worksheet. You will complete statistics on this model to obtain appropriate values for the inputs for the model. Complete the tasks to finish the model. Whenever possible, reference cells rather than 'hard-coding' values in the cells of your spreadsheet. A B C D E F G H K L M О P 1 2 Model Inputs 3 Product Type Programs Food 4 Cost of Goods Sold (COGS) 40% 60% 5 Commission 20% 10% 6 Fixed Costs $5,000.00 7 Employees (% of Expected Profit) 0.05% Merchandise 70% 5% $10,000.00 $20,000.00 0.20% 0.03% # of Events Input Analysis 100 Statistic Average Standard Deviation Attendance Programs Food Merchandise 14,966 $72,471.76 $154,242.26 $ 393,360.47 3,994.23 $42,687.13 $ 66,229.45 $ 227,919.37 8 Salary (per employee) $50.00 95% Confidence Interval 9 Arena Fee $100,000.00 10 Product Type 11 Event Profitability Analysis Correlation with Attendance Programs 0.55 0.3 м Food 0.62 0.3 м Merchandise 0.54 0.3 м 12 13 14 Product Type Gross Profit Programs Food Merchandise Attendance 18000 15 Sales Product Type Programs Food Merchandise 16 Cost of Goods Sold (COGS) Sales Forecast 17 Gross Profit 18 Upper Limit for Sales Lower Limit for Sales