For the garage-band model you developed in problem 4, define and run some reason

Question

For the garage-band model you developed in problem 4, define and run some reasonable scenarios using the Scenario Manager to evaluate profitability for variations in the estimates.

Expected Concert Profit Expected Crowd 3000 Expected Concession (per person) $15.00 Ticket price $10.00 Expected Crowd Purchase (overall) $75,000.00 Profit of Ticket Sales per person (Band Profit) $8.00 Expected Concession (per person) $15.00 Crowd Profit (per person) $23.00 Expected Band Income $69,000.00 Expected Cost for Concert $10,000.00 Expected Total Band Profit $59,000.00

Explanation / Answer

For the garage-band model you developed in problem 4, define and run some reason

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