Use the scenario shown below to answer the following question(s).
An automobile rental is considering a major remodeling effort and needs to determine the best combination of rates and products to maximize revenues.Currently,the rental has 375 automobiles with the following history: Each segment has its own price/demand elasticity.Estimates are: The rental owners want to keep the price of a scooter rental between $35 and $45; a chopper rental between $45 and $60; and a car rental between $65 and $74.50.
Define S = price of a scooter rental,Ch = price of a chopper rental,and Ca = price of a car rental.
-Given below is the spreadsheet model for an automobile rental.To better understand and mitigate the inherent risk existing in the model,identify the uncertain variable to which assumptions can be defined using Crystal Ball.

Question

Use the scenario shown below to answer the following question(s).
An automobile rental is considering a major remodeling effort and needs to determine the best combination of rates and products to maximize revenues.Currently,the rental has 375 automobiles with the following history:  Each segment has its own price/demand elasticity.Estimates are:  The rental owners want to keep the price of a scooter rental between $35 and $45; a chopper rental between $45 and $60; and a car rental between $65 and $74.50.
Define S = price of a scooter rental,Ch = price of a chopper rental,and Ca = price of a car rental.
-Given below is the spreadsheet model for an automobile rental.To better understand and mitigate the inherent risk existing in the model,identify the uncertain variable to which assumptions can be defined using Crystal Ball.

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The Answer of Use the scenario shown below to answer the following question(s).
An automobile rental is considering a major remodeling effort and needs to determine the best combination of rates and products to maximize revenues.Currently,the rental has 375 automobiles with the following history:  Each segment has its own price/demand elasticity.Estimates are:  The rental owners want to keep the price of a scooter rental between $35 and $45; a chopper rental between $45 and $60; and a car rental between $65 and $74.50.
Define S = price of a scooter rental,Ch = price of a chopper rental,and Ca = price of a car rental.
-Given below is the spreadsheet model for an automobile rental.To better understand and mitigate the inherent risk existing in the model,identify the uncertain variable to which assumptions can be defined using Crystal Ball.

Use the Scenario Shown Below to Answer the Following Question(s)