The University of Cincinrati Center for Business Analytics is an outreach center that collaborates with industry partners on applied 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 corporate member 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 $150 $8.50 per person (3 speakers $800 each) $4.00 per person $7.00 per person $5.00 per person Registration processing Speaker costs Continental breakfast Lunch Parking a) Build a spreadsheet model that calculates a profit or loss based on the total number of 100 nonmember registrants. b) Use Goal Seek to find the number of nonmember registrants that will make the event break even.
The University of Cincinrati Center for Business Analytics is an outreach center that collaborates with industry partners on applied 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 corporate member 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 $150 $8.50 per person (3 speakers $800 each) $4.00 per person $7.00 per person $5.00 per person Registration processing Speaker costs Continental breakfast Lunch Parking a) Build a spreadsheet model that calculates a profit or loss based on the total number of 100 nonmember registrants. b) Use Goal Seek to find the number of nonmember registrants that will make the event break even.
Essentials Of Investments
11th Edition
ISBN:9781260013924
Author:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Publisher:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Chapter1: Investments: Background And Issues
Section: Chapter Questions
Problem 1PS
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Transcribed Image Text:The University of Cincinrati Center for Business Analytics is an outreach center that
collaborates with industry partners on applied 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 corporate member 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:
$150
$8.50 per person
(3 speakers $800 each)
$4.00 per person
$7.00 per person
$5.00 per person
Rental cost for the auditorium
Registration processing
Speaker costs
Continental breakfast
Lunch
Parking
a) Build a spreadsheet model that calculates a profit or loss based on the total number
of 100 nonmember registrants.
b) Use Goal Seek to find the number of nonmember registrants that will make the event
break even.
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