Identify (3) three revenue management “factors” that will have an impact on a hotel with respect to optimizing revenue generation. Explain and elaborate each concept.

Write a program that prompts the user to enter a 3 x 3 matrix of double values and tests whether it is a positive Markov matrix. There will be two methods which will be called from the main method: public static double [] [] createArray() 1. Creates a 3 by 3 two dimensional array of doubles 2. Prompts the user for values as shown in the sample run 3. Stores the numbers in the array in the order entered 4. Returns the array to the main method public boolean isMarkovMatrix(double [][] matrix) 1. Returns false if any value in the array is negative 2. Prints the sum of each column in the array 3. Returns false if any the sum of any of the columns is not equal to 1.0 4. Otherwise, it returns true. Sample Program running: Enter a 3 x 3 matrix by row 0.15 0.875 0.375 0.55 0.005 0.225 0.30 0.12 0.4 The sum of the columns 1.0 1.0 1.0 It is a Markov matrix Enter a 3 x 3 matrix by row -0.2 0.875 0.375 0.75 0.005 0.225 0.45 0.12 0.4 The sum of the columns 1.0 1.0 1.0 It is not a Markov matrix The program must display the sum of EACH INDIVIDUAL column A response in Eclipse Java would be much appreciated. Thank you in advance

Your car gets 22 miles per gallon (MPG) at 55 miles per hour (MPH) and 18 MPG at 65 MPH. At what speed should you make a 450-mile trip 1. If gas costs $2.95 per gallon and your time is worth $17/hour? 2. If gas costs $3.80 per gallon and your time is worth $11.5/hour? 3. If gas costs $4.75 per gallon and your time is worth $8.9/hour? 4. Building an Excel spreadsheet to calculate the total trip cost for gas costs of $2.5, $3.5, $4.5, and $5.5 and values of time of $6.5, $9.5, $12.5, $15.5, and $18.5 per hour. Do two tables: one at 55 MPH and one at 65 MPH.

Your car gets 25 miles per gallon (mpg) at 60 miles per hour (mph) and 18 mpg at 70 mph. At what speed should you make a 600-mile trip:

1. If gas costs $3 per gallon and your time is worth $12 per hour?

2. If gas costs $4 per gallon and your time is worth $15 per hour?

3. If gas costs $5 per gallon and your time is worth $10 per hour?

4. Build a spreadsheet to calculate the total trip cost for gas costs of $3, $4, and $5, and values of time of $10, $12, $15, 18 and $20 per hour. Do two tables: one at 60mph and one at 70 mph

PLEASE WRITE WHAT EQUATIONS THAT MUST BE WRITTEN IN EXCEL IN ORDER TO GET THE DATA FOR PART 4.

Your car gets 29 miles per gallon (mpg) at 60 miles per hour (mph) and 25 mpg a 70 mph. At what speed should you make a 525-mile trip:
If gas costs $3 per gallon and your time is worth $18 per hour
If gas costs $4 per gallon and your time is worth $12 per hour
If gas costs $5 per gallon and your time is worth $9 per hour

The Wellington Plaza Hotel is located close to the main railway station in a large regional city. Its main client base is business people visiting the city for work-related purposes. The second-largest group of clients consists of groups of (mainly) women visiting the city for its great shopping. All major department stores have a presence in the city and there are a number of specialty shops and factory outlets. Another large group of clients are groups of (mainly) men visiting the city for various sports events, including several important hockey games during the winter. Occupancy rates have been reasonable but stagnant for several years, providing a steady but unsatisfactory rate of return for the owners of the hotel. Revenues have only been sufficient to cover operating costs. In an effort to increase the hotel’s profitability, a major renovation program was undertaken and completed earlier this year. The renovation was predicted to increase the relative attractiveness of the hotel to guests. It was also undertaken to earn additional revenue from the rent of a new coffee shop on the ground floor. The coffee shop is run by a separate company that has purchased a franchise of a major international brand. An economic slow down means business travel is down by 25 percent across the country. Further, discretionary retail spending is down by 40 percent. Several specialty shops in the city have already shut down and others are cutting their opening hours. In addition, the hockey series was won by the local team in four games (instead of the possible seven games). Thousands of visitors left the city early once the final game was over. Just before the hockey games began, the coffee-shop owners went bankrupt and closed down, breaking their lease. The hotel owners are seeking legal advice on whether they can claim penalty fees on the broken lease. Finally, the hotel owners’ bank is warning that the short-term financing obtained for the renovations will not be renewed when it is due (one month after year end). The hotel managers had expected to repay the debt from this year’s bookings and the coffee-shop lease. The hotel owners are still hopeful that the summer will bring a large increase in occupancy (and revenue) as the weather is expected to be nice. This expected summer trade is essential to meet repayments on the long-term debt and to convince the bank to extend the short-term debt. (a) New attempt is in progress. Some of the new entries may impact the last attempt grading.Your answer is incorrect. Which of the following conditions in this case may cast doubt on the client’s ability to continue as a going concern? (There may be more than one correct answer)

A.Economic slowdown

B.Prolonged losses

C.Inability to renew short-term financing when it comes due

D.Supplier reluctance to provide goods on credit

E.Lower occupancy fees due to reduced demand from customers

F.Loss of rent from coffee shop with uncertainty about a new lease

G.Rapid growth with insufficient planning

H.Falling behind competitors

Case – Recreational Park Project

The public has recognized the benefits of recreation and parks as essential to their health and quality of life. A recent survey conducted in 2016 found that the construction of more recreational facilities was a top priority among residents in Lazarette Town (in the Caribbean).

As such, the town council in Lazarette, with the help of other key stakeholders, has sourced and secured three (3) million dollars of grant funds from the Caribbean Wellness Community (CWC) for the development of a mini outdoor recreational park on three (3) acres of land donated by a benevolent resident of the town.

The park will contain sporting facilities among other recreational facilities (e.g. walking trails, children playground, tennis court, basketball court, work out stations, benches, shower facilities, rest rooms etc.). All major key stakeholders and sponsors have unanimously agreed that that the facility should cater for residents of all ages. Additionally, a group of minority stakeholders has expressed their requirements of having an eco-friendly and climate resilient facility. The park should be completed and ready for use by 2022, i.e. the project duration should not exceed two years.

To ensure that the project is completed on time, within scope and on budget, the funding agency and the Lazarette Town Council require that a dedicated and knowledgeable project team is assigned to the project. CWC has expressed the need for the project deliverables to be of ‘high’ quality to guarantee stakeholders’ satisfaction and safety. The CWC requires that ‘tight’ procurement processes should be followed to ensure transparency, accountability and economy. It is anticipated that most of the goods, works and services for building the park will be procured from vendors, suppliers and contractors in the town. In addition, CWC has detailed the need for both positive and negative projects risk to be properly managed throughout the project.

In response to CWC implied and expressed requirements, the Lazarette Town Council has selected and appointed your team to provide project management services for the Recreational Park Project. As a proactive team, your team has decided to use ‘best practices’ in project management to plan project activities and get approval from key project stakeholders before constructing or building the facility. Give the type and nature of the project, the intention is to use a traditional/waterfall approach to project management activities instead of the largely popular and contemporary agile methodology used other industries.

Your team understands the value of planning before doing, and the council’s concerns of not losing the grant funding from CWC. In addition, your team is keen on building a good reputation in the

town. With a can do attitude and the need to increase the chances of the project success, the project management team (your 5-member group) is determined to ensure that the team utilizes the ‘best practices’ for planning, executing and controlling this valuable community based project.

1. Propose an initial risk register for the Recreational Park Project. The risk register should contain a minimum of 10 risks.

* Use template of your choice fo

The following table summarizes the responses of a sample of 25 workers who were asked how many miles they had to travel to go to work.

Suppose you build a histogram with this information. Describe it

A. "A single peak, skewed to the left (left-skewed)."

B. "A single peak, skewed to the right (right-skewed)."

C. "Bimodal, skewed to the right (right-skewed)."

D. "Bimodal, skewed to the left (left-skewed)."

"The survival time of patients after a certain type of surgery has a skewed distribution to the right due to the presence of outliers. Consequently, which statement is more likely to be correct?"

A. Median (median)> range

B. Average (mean) <median (median)

C. Average (mean)> median (median)

D. None of the above.

A distribution will be skewed to the left (left-skewed) if

A. Median <mid axis (midhinge)

B. Medium> mid axis (midhinge)

C. Median = mid axis (midhinge)

D. None of the above.

"Since P (A) = 0.4, P (B) = 0.5 and P (A ∩B) = 0.05. Then:"

A. P (A∪B) = 0.80; P (A / B) = 0.1

B. P (A∪B) = 0.85; P (A / B) = 0.15

C. P (A∪B) = 0.85; P (A / B) = 0.10

D. None of the above.

The average of the exam of a class of 30 students was 75. The average of the exam for the 20 male students of that class was 70. Then the average of the exam for the 10 female students was:

A. 85

B. 80

C. 75

D. None of the above.

"Two events are complementary (that is, they are complements), yes"

A. The sum of your odds is equal to one.

B. The probability of your interception is equal to one.

C. They are two independent events with equal probabilities.

D. None of the above.

What probability function can be used to describe the number of damaged printers in a random sample of 12 printers taken from a shipment of 70 printers consisting of 6 damaged printers?

A. Poisson

B. Hypergeometric

C. Binomial

D. None of the above.

You have the following probability distribution of the random variable X:

The expected value of X is:

A. 175

B. 150

C. 205

D. None of the above.

The variable Z has a standard normal distribution. The probability P (0.71 <Z <1.43) is:

A. 0.1625

B. 0.92

C. 0.5

D. 0.485

"Suppose that X has a normal distribution with a mean μ = $ 64. Given that P (X> $ 75) = 0.2981, we can calculate that the standard deviation of X is approximately"

A. $ 20.75

B. $ 13.75

C. $ 5.83

D. $ 7.05

"In Quebec, 90% of the population is Catholic. In a random sample of 8 people find the probability that the sample contains at least five Catholics."

A. 0.005

B. 0.0331

C. 0.995

D. 0.9619

Your company assembles five different models of a motor scooter that is sold in specialty stores in the United States. The company uses the same engine for all five models. You have been given the assignment of choosing a supplier for these engines for the coming year. Due to the size of your warehouse and other administrative restrictions, you must order the engines in lot sizes of 1,240 units. Because of the unique characteristics of the engine, special tooling is needed during the manufacturing process for which you agree to reimburse the supplier. Your assistant has obtained quotes from two reliable engine suppliers and you need to decide which to use. The following data have been collected:

Note: Assume that half of lot size is in inventory on average (1,240/2 = 620 units).

Two qualified suppliers have submitted the following quotations:

Your assistant has obtained the following freight rates from your carrier:

Note: Per ton-mile = 2,000 lbs. per mile.

a-1. Calculate the total cost for each supplier. (Round your answers to the nearest whole number.)

a-2. Which supplier would you select?

b-1. If you could move the lot size up to ship in truckload quantities, calculate the total cost for each supplier. (Do not round intermediate calculations. Round "Required lot size for truckload" and final answers to the nearest whole number.)

HINT: Use (full) truckload cost rates and the lowest (feasible) unit cost for all calculations. For example, if there are 8.3 orders per year, don’t split the 8.3 orders into 8 full truckloads and 0.3 less-than-truckloads - use the full truckload rate for all 8.3 orders. For annual purchase cost, don’t use two different unit costs for the 8 complete orders and the 0.3 partial orders – use the lowest (feasible) unit cost for all 8.3 purchase orders based on the lot size needed for a full truckload.

b-2. Would your supplier selection change?