Question

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 of the corporate members of the center (there are currently 10) receives eight 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

Registration Processing: $8.50 per person

Speaker Costs: 3@$800 $2,400

Continental Breakfast: $4.00 per person

Lunch: $7.00 per person

Parking: $5.00 per person

(b) Use a two-way data table to show how profit changes as a function of number of registered nonmembers and the no-show percentage of nonmembers. Vary number of nonmember registrants from 80 to 160 in increments of 5 and the percentage of nonmember no-shows from 10% to 30% in increments of 2%. In which interval of nonmember registrants does breakeven occur if the percentage of nonmember no-shows is 22%?

What is the Breakeven appears in the interval______ of _________to number of registered nonmembers?

Show work please on break even

Answer 1

Solution:

Given that:

The costs incurred for putting on this event:

Rental cost for the auditorium: $150

Registration Processing: $8.50 per person

Speaker Costs: 3@$800 $2,400

Continental Breakfast: $4.00 per person

Lunch: $7.00 per person

Parking: $5.00 per person