4 The University of Cincinnati Center for Business Analytics is an outreach center that collaborates with industry partners on appliedresearch and continuing education in business analytics. One of the programs offered by the center is a quarterly BusinessIntelligence Symposium. Each symposium features three speakers on the real-world use of analytics. Each of the corporatemembers of the center (there are currently 10) receives five free seats to each symposium. Nonmembers wishing to attend mustpay $75 per person. Each attendee receives breakfast, lunch, and free parking. The following are the costs incurred for putting onthis event:Rental cost for the auditorium:Registration Processing:Speaker Costs: 3@$800Continental Breakfast:Lunch:Parking:$150$8.50 per person$2,400$4.00 per person$7.00 per person$5.00 per person(a) The Center for Business Analytics is considering a refund policy for no-shows. No refund would be given for members who donot attend, but for nonmembers who do not attend, 50% of the price will be refunded. Build a spreadsheet model in Excel thatcalculates a profit or loss based on the number of nonmember registrants. Extend the model you developed for the BusinessIntelligence Symposium to account for the fact that historically, 25% of members who registered do not show and 10% ofregistered 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 eachcorporate member registers their full allotment of tickets and 127 nonmembers register?If required, round your answers to two decimal places.

As per above requirement the solution will be calculated as follows.Part ARevenue per personPart…

research and continuing education in business analytics. One of the programs offered by the center is a quarterly Business Intelligence Symposium. Each symposium features three speakers on the real-world use of analytics. Each of the corporate members of the center (there are currently 10) receives five free seats to each symposium. Nonmembers wishing to attend must pay $75 per person. Each attendee receives breakfast, lunch, and free parking. The following are the costs incurred for putting on this event: Rental cost for the auditorium: Registration Processing: Speaker Costs: 3@$800 $150 $8.50 per person $2,400