Questions
1. A 2009 sample of New York hotel room prices had an average of $273. Assume...

1. A 2009 sample of New York hotel room prices had an average of $273. Assume this was from a sample of 48 hotels with a sample standard deviation of $72. Construct a 95% confidence interval and report the lower bound for the interval. (Answer to one decimal place and do not include a $ sign).

2.A 2009 sample of New York hotel room prices had an average of $273. Assume this was from a sample of 48 hotels with a sample standard deviation of $72. Construct a 95% confidence interval and report the upper bound for the interval. Your number should be larger than for the previous problem. (Answer to one decimal place and do not include a $ sign).

In: Statistics and Probability

(a) Explain the following statement under the Malaysian Contract Law : “Consideration must be sufficient but...

(a) Explain the following statement under the Malaysian Contract Law : “Consideration must be sufficient but need not be adequate.”

(b) Budget Travels, booked Hotel Kedekut for a 2 day health event for their staff. All the itinerary and the food to be served were confirmed already. The chef of Hotel Kedekut, who knows the manager of Budget Travels, Michael, very well has decided to make pastries and cupcakes for the health event on his own. The event was a success and Michael, being very delighted, promised to pay for the pastries and cupcakes to the chef on behalf of Budget Travels but in the end he didn’t do so. Is Budget Travels under an obligation to do so?

(Total :20 marks)

In: Operations Management

Table 1 Load Rating Power Factor Lighting 41.1kW 0.7 Lagging Lights 12.2 kVa 0.67 Lagging Ventilation...

Table 1

Load Rating Power Factor
Lighting 41.1kW 0.7 Lagging
Lights 12.2 kVa 0.67 Lagging
Ventilation fans 9 kVa 0.7 lagging
Heat pump 18 kW 0.707 Lagging
misc equipment 11.3 kVa 0.55 lagging
peak charging demand 209 kW unity

Calculate the following for the car park using the data from Table 1:

a) the maximum real power demand P (kW)

b) maximum reactive power demand Q (kVAr)

c) the total apparent power demand S (kVA)

d) also, calculate the maximum current magnitude |I| if the supply voltage magnitude |V| is 3.3 kV and the supply frequency is 50 Hz.

e) Calculate the overall car park power factor.

f) Calculate the rating of the capacitor bank (μF) needed to improve the car park power factor to unity.

g) Calculate the new maximum current magnitude, after power factor correction. Again assume the supply voltage magnitude is 3.3kV and frequency is 50 Hz.

h) Select the cable ID from Table 2 that you would use to supply the car park BEFORE AND AFTER power factor correction has been applied.

i) Comment on your result.

Table 2

Cable ID

Rating (A)

Cable ID

Rating (A)

A

20

J

100

B

25

K

110

C

30

L

120

D

40

M

130

E

50

N

140

F

60

O

150

G

70

P

160

H

80

Q

170

I

90

R

180

In: Electrical Engineering

Write psuedocode and Java code using JOptionPane Scenario: ABC Resort and Hotel has approached you to...

Write psuedocode and Java code using JOptionPane

Scenario: ABC Resort and Hotel has approached you to write a program to keep track of the number of rooms needed for an event. Customers can request any one of the following types of rooms to be reserved. Because the hotel has limited rooms available for a given event, it can only reserve up to 39 rooms. However, the hotel does not know how many rooms, in total, will be reserved because the rooms are reserved on demand.

Room Type and Price/per night: Single $79.95, Single Deluxe $99.95, Double $149.95, Double Deluxe $179.95

Create a program for use by the hotel staff to take reservation orders for rooms for an event. All events are single night stay events. So you do not need to worry about the number of nights they are staying. An order occurs when the user enters a room type by name (e.g. Single). Until the user has indicated they are finished entering room types, continue to prompt the user to enter a room type. You must validate the room type, providing an error message and re-prompting the user if an invalid room type is entered. Keep track of the number of rooms that will be reserved for each room type. Once the user has indicated they are finished entering room types, display a well-formatted report containing a list of each room type with its associated price, the number of rooms needed for that room type, the total revenue from all rooms for the event, and the average revenue from a room for the event.

Program must use arrays

In: Computer Science

Answer all 4 of the questions/topics: Each response must be at least 200-300 words. Communication Describe...

Answer all 4 of the questions/topics:

Each response must be at least 200-300 words.

  1. Communication

Describe and explain the importance of a good integrated information & communication system. What is the importance of communication between departments and what negative impact can a poor system of communication have for a hotel? Discuss 2 important forms of integrated PMS/Communication systems or examples of data information.

  1. Future of Hotels

Imagine the hotel room of the future (10 years from now). What does the room look like? What technologies exist in the room? How does it improve the guest experience? What needs and expectations will the future guest have for Accommodation properties? In light of recent health issues what steps will the Accommodations Industry need to address to gain consumer confidence? What will the long term outcome of the industry be after crisis is cleared?

  1. Housekeeping

Discuss the importance of the Housekeeping Department. Why is the Rooms Division the greatest asset of the owners? How will you deal with staffing due to lower occupancy? What steps will housekeeping need to take in order to protect our guests and our staff moving forward after the current health crisis?

  1. Guest Service

Describe/Explain the following Service Recovery Model and provide an example from the Accommodation Industry for each section. Remember: As discussed in class we have to assess the Fault & Severity. Following this chart answer the following question: -How will you drive business to your hotel once crisis is over?

Hero

Red Carpet

Empathy

Fix It

How will you attract business to your hotel once crisis is over?

In: Operations Management

You operate a group of hotels which have seen an increase in the amount of reservations....

You operate a group of hotels which have seen an increase in the amount of reservations. You currently have a staff of 10 people working in the reservations area. You would like to concentrate on providing the guests with an exceptional stay at the hotels, but the cost of a computerized reservation system would reduce the amount of staff which could service the guests. You have to make some decisions on which decision will be best for the business.

What relevant and irrelevant information do you need to make this decision?

What non-financial information is relevant to make this decision?

Explain how your decision will have an affect on your pricing for the hotel?

In: Accounting

Based on the NPV Profile Shown Below, what is the approximate internal rate of return (IRR)?...

Based on the NPV Profile Shown Below, what is the approximate internal rate of return (IRR)?




You work for a company whose primary long term financial goal is to undertake projects that maximize company value. You have been asked to provide a recommendation with respect to ranking three mutually exclusive projects. The first project has a NPV of $200K and an IRR of 10%; the second has a NPV of $180K and an IRR of $12%; the third has a NPV of 220K and an IRR of 9%. How would you rank the projects? Explain.

Using appropriate financial analysis tools (e.g., NPV, IRR, and payback analyses), your company has already identified several independent projects that will add value to the company. Unfortunately, the company has an insufficient capital budget to undertake all of the projects and management has declined additional debt or equity financing efforts to increase the capital budget. What recommendation would you make for selecting the appropriate projects?

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In: Operations Management

The following table shows income and expense data under two different capital structures - 100% equity...

The following table shows income and expense data under two different capital structures - 100% equity and 50% debt/50% equity. But there is uncertainty associated with the financial projects as reflected in the three scenarios presented for each capital structure. Use the information in this table to identify the advantages and disadvantages of debt and equity.

All Equity($200k) 50/50 ($100k equity, 100k debt)
Probability 0.25 0.5 0.25 0.25 0.5 0.25
Operating income 0 75,000 100,000 0 75,000 100,000
Interest expense 0 0 0 10,000 10,000 10,000
Taxable income 0 75,000 100,000 (10,000) 65,000 90,000
Taxes (30%) 0 22,500 30,000 (3,000) 19,500 27,000
Net Income 0 52,500 70,000 (7,000) 45,500 63,000
ROE 0.00% 26.25% 35.00% -7.00% 45.50% 63.00%
Expected ROE 21.88% 36.75%
Standard deviation of ROE 13.13% 26.25%

In: Finance

22. I am figuring out some numbers for my retirement and housing costs so I ask...

22. I am figuring out some numbers for my retirement and housing costs so I ask myself the following questions:

  1. How much will I have to invest annually to get to a million in 30 years if I think I can earn 7% per year

  1. 10,500
  2. 21,000
  3. 33,333

  1. You wanted to refinance your home as interest rates have dropped and you are thinking of getting a 15 yr mortgage to cut your total interest payments over the life of the loan. If your mortgage balance is 200k and a 15 yr mortgage is at 4%, how much will your monthly payment be

  1. 1,479
  2. 31,952
  3. 7,972
  4. 954

  1. You are going to receive monthly payments of 1,000 for the next 5 years. You need a lump sum however and you go to a firm that will pay you a lump sum but they need to earn 9%. How much will you receive

  1. 60k
  2. 11k
  3. 48k
  4. 75k

In: Finance

A dam was proposed to be built on a certain river in a natural setting that...

A dam was proposed to be built on a certain river in a natural setting that would produce hydroelectric power and create recreational activities, such as boating, swimming, and water-skiing. The only problem, as environmentalists see it, is that there is a certain species of fish found only in this river that will become extinct if the dam is built. The fish is not used for food or sport; in fact, no one knows what purpose it serves by being in the river. Should the dam be built or not? Why or why not? Would it make a difference to your answer if the small fish were a good food fish or could be used in some other commercial way, or is its extinction sufficient reason to not build the dam? Use at least one ethical theory.

In: Psychology