Questions
Find the percentage of men meeting the height requirement
A survey found that women's heights are normally distributed with mean \(63.6\) in. and standard deviation \(3.4\) in. The survey also found that men's heights are normally distributed with mean \(69.7\) in. and standard deviation \(3.1\) in. Most of the live characters employed at an amusement park have height requirements of a minimum of 57 in. and a maximum of 64 in. Complete parts (a) and (b) below.
a. Find the percentage of men meeting the height requirement. What does the result suggest about the genders of the people who are employed as characters at the amusement park?
The percentage of men who meet the height requirement is \(\square \%\). (Round to two decimal places as needed.)
In: Other
A survey found that women's heights are normally distributed with mean 63.3 in. and standard deviation...
A survey found that women's heights are normally distributed with mean 63.3 in. and standard deviation of 3.7 in. The survey also found that men's heights are normally distributed with a mean 68.6 in. and standard deviation 3.3 in. Most of the live characters employed at an amusement park have height requirements of a minimum of 55 in. and a maximum of 62 in. Complete parts (a) and (b) below.
a. Find the percentage of men meeting the height requirement. What does the result suggest about the genders of the people who are employed as characters at the amusement park?
The percentage of men who meet the height requirement is = %.
(Round to two decimal places as needed.)
In: Statistics and Probability
The lease of Theme Park, Inc., is about to expire. Management must decide whether to renew...
The lease of Theme Park, Inc., is about to expire. Management
must decide whether to renew the lease for another 10 years or to
relocate near the site of a proposed motel. The town planning board
is currently debating the merits of granting approval to the motel.
A consultant has estimated the net present value of Theme Park’s
two alternatives under each state of nature as shown below. Suppose
that the management of Theme Park, Inc., has decided that there is
a 0.21 probability that the motel’s application will be
approved.
| Options | Motel Approved |
Motel Rejected |
||
| Renew | $ | 410,000 | $ | 4,025,000 |
| Relocate | 2,025,000 | 110,000 | ||
a-1.
If management uses maximum expected monetary value as the decision
criterion, calculate expected monetary value for the alternatives
"Renew" and "Relocate"? (Omit the "$" sign in your
response.)
| Alternative | Expected Value |
| Renew | $ ?? |
| Relocate | $ ?? |
a-2. Which alternative should it choose?
-
Renew lease??
-
Relocate??
c. If management has been offered the option of a
temporary lease while the town planning board considers the motel’s
application, would you advise management to sign the lease? The
lease will cost $21,000. (Omit the "$" sign in your
response.)
Yes because the cost is less than EVPI of $
??? .
In: Accounting
9. Application: Elasticity and hotel roomsThe following graph input tool shows the daily demand for...
9. Application: Elasticity and hotel rooms The following graph input tool shows the daily demand for hotel rooms at the Big Winner Hotel and Casino in Las Vegas, Nevada. To help the hotel management better understand the market, an economist identified three primary factors that affect the demand for rooms each night. These demand factors, along with the values corresponding to the initial demand curve, are shown in the following table and alongside the graph input tool. Demand FactorInitial ValueAverage American household income$40,000 per yearRoundtrip airfare from New York (JFK) to Las Vegas (LAS)$250 per roundtripRoom rate at the Lucky Hotel and Casino, which is near the Big Winner$250 per nightUse the graph input tool to help you answer the following questions. You will not be graded on any changes you make to this graph. Note: Once you enter a value in a white field, the graph and any corresponding amounts in each grey field will change accordingly.
|
For each of the following scenarios, begin by assuming that all demand factors are set to their original values and Big Winner is charging $150 per room per night.
If average household income increases by 50%, from $40,000 to $60,000 per year, the quantity of rooms demanded at the Big Winner _______ from _______ rooms per night to _______ rooms per night. Therefore, the income elasticity of demand is _______ , meaning that hotel rooms at the Big Winner are _______ .
In: Economics
There is a new amusement park under construction in town and the manager of the project...
There is a new amusement park under construction in town and the
manager of the project has hired
you to design a "Zero-Gravity" room.
(a) Based on your knowledge of nature of electric charge and
electric forces, how will you design
such a facility? Comment on components of the room, and explain how
it will work for walk in
customers? What would be the safety concerns and measures?
(b) Assume that your design has been approved and facility has been
constructed. Your manager has
asked you to demonstrate the operation of the room. You decided to
show him weightlessness
using your own body. In your design of part (a), what parameters
will you set for this demon-
stration? (You should choose the parameters to counter the value of
your weight, for simplicity
you can approximate your body as a point like particle).
In: Physics
How have sports changed since the 1940s? Are some of the issues raised in the film...
How have sports changed since the 1940s? Are some of the issues raised in the film still present?
In: Economics
A quality control activity analysis indicated the following four activity costs of a hotel. Verifying credit...
A quality control activity analysis indicated the following four activity costs of a hotel.
|
Verifying credit card information |
523,600 |
|
Customer service training |
261,800 |
|
Discounting room rates due to poor customer service |
130,900 |
|
Correcting charges to customer invoices |
392,700 |
|
Total |
$1,309,000 |
Sales are $7,700,000 for the year. Prepare a cost of quality report.
Present percentage values to one decimal place.
|
Cost of Quality Report |
|||
|
Quality Cost Classification |
Quality Cost |
Percent of Total Quality Cost |
Percent of Total Sales |
|
Prevention |
$ |
% |
% |
|
Appraisal |
$ |
% |
% |
|
Internal Failure |
$ |
% |
% |
|
External Failure |
$ |
% |
% |
|
Total |
$ |
|
|
In: Accounting
Why is the marginal cost of admitting one more person to a movie theater zero?
In: Economics
Beavis Construction Company was the low bidder on a construction project to build an earthen dam...
|
Beavis Construction Company was the low bidder on a construction project to build an earthen dam for $1,800,000. The project was begun in 2015 and completed in 2016. Cost and other data are presented below: |
| 2012 | 2013 | ||
| Costs incurred during the year | $ 450,000 | $1,100,000 | |
| Estimated costs to complete | 1,050,000 | 0 | |
| Billings during the year | 400,000 | 1,400,000 | |
| Cash collections during the year | 300,000 | 1,500,000 | |
|
Assume that Beavis recognizes revenue on this contract over time according to percentage of completion. |
| Required: |
| Perpare all journal entries related to the construction project in 2012 and 2013 |
In: Accounting
How does the construction of the Van de Graaf demonstrate these two scenarios? 1. The electric...
How does the construction of the Van de Graaf demonstrate these two scenarios?
1. The electric field strength near a charged conductor is greatest in the vicinity of the most sharply curved surface therefore air is likely to ionize and initiate a spark near sharp points.
2. it can be shown that if coulomb's law is correct all the static electrical charge on a conductor must reside on its outer surface
In: Physics