Essentials of Business Analytics 1st Edition by Jeffrey Camm,James Cochran,Michael Fry,Jeffrey Ohlmann ,David Anderson

Exercise 7

The University of Cincinnati 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 ten) 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:
a. Build a spreadsheet model that calculates a profit or loss based on the number of nonmember registrants.
b. Use Goal Seek to find the number of nonmember registrants that will make the event break even.