Questions
This project is of Java OOP. Comprehensive UML Diagram of Managing customers for Hotel Management project...

This project is of Java OOP.
Comprehensive UML Diagram of Managing customers for Hotel Management project Mwith complete labelling of attributes, subclasses.

In: Computer Science

Suppose that you are responsible for making arrangements for a business convention and that you have...

Suppose that you are responsible for making arrangements for a business convention and that you have been charged with choosing a city for the convention that has the least expensive hotel rooms. you have narrowed your choices to Atlanta and Houston that are consistent with the results reported by Smith travel research. Because considerable historical data on the prices of the rooms in both cities are available the population standard deviations for the prices can be assumed to be $20 in Atlanta and $25 in Houston. Based on the sample data, can you conclude that the mean price of a hotel room in Atlanta is lower than the one in Houston.

In: Statistics and Probability

PLEASE ANSWER ALL QUESTIONS ! 1. Gwen suspects fraud is occurring at a hotel she manages....

PLEASE ANSWER ALL QUESTIONS !

1. Gwen suspects fraud is occurring at a hotel she manages. Historically, each of her hotels spends $8,250 per month in maintenance expenses with a standard deviation of $1,070. At the suspect hotel, the last 31 months have averaged $8,490 in maintenance expenses. Gwen thinks the hotel is spending significantly more than the others. Use the 10% significance level.

Calculate the value of the test statistic.

Select one:

a. 0.87

b. 0.89

c. 1.36

d. 1.25

e. 1.54

2. Harley is working as a waiter at a restaurant while paying his way through school. The manager told him he could expect $95 per night in tips with a standard deviation of $30. However, after 32 nights he is averaging only $85 in tips. He wants to know if this is significantly different at the 5% significance level.

Calculate the value of the test statistic.

Select one:

a. -2.06

b. -1.61

c. -1.89

d. -2.26

e. -2.64

In: Statistics and Probability

Provide an example of why an auditor would reevaluate control risk near the end of the...

Provide an example of why an auditor would reevaluate control risk near the end of the audit. Provide a different example of why an auditor would reevaluate fraud risk near the end of the audit.

In: Accounting

How does food in the duodenum inhibit motility and secretions in the stomach? IM LOOKING FOR...

How does food in the duodenum inhibit motility and secretions in the stomach? IM LOOKING FOR SOMEWHAT AN DETAIL OR NEAR TO DETAIL NEAR ,...A GOOD EXPLANATION FOR THIS QUESTION , i need to understand , thank u

In: Anatomy and Physiology

Read the following brief regarding the Wet 'n Wild waterpark chain, and then answer the questions...

Read the following brief regarding the Wet 'n Wild waterpark chain, and then answer the questions below to reflect on your reading.

Brief

Wet ‘n Wild is a chain of waterparks that are operated across Australia, the United States, and now China. The first waterpark in the chain was opened on the Gold Coast in Australia in 1984. Since that time they have expanded to eight locations, including Hawaii and Las Vegas. In 2013, they opened a new water park in Sydney, Australia. Despite Sydney being a major international city with a population of over 5 million, it does not have a major theme or amusement park. Therefore, the new Wet ‘n Wild facility was able to obtain a virtual monopoly in the Sydney area.

Obviously, Sydney is relatively well known for its famous beaches, including Bondi Beach. To counteract this indirect competitor, Wet ‘n Wild located their new waterpark around one hour inland, away from the beaches. This location was still within large residential areas and easily accessible by road. Because Sydney was lacking a major theme park, Wet ‘n Wild was able to attract significant publicity and media attention prior to opening, particularly as the park was promoted as “the largest waterpark in the world”. This was supported by significant advertising expenditure, which was primarily focused on selling season pass tickets.

The pricing structure for the new Wet ‘n Wild waterpark was designed to sell season passes, rather than individual visits. For example, a season pass cost $120 as compared to a one-day visit pass of $70. This meant that there was a significant incentive to buy the season pass. As a result, these season passes were enormously popular. The Christmas period in Australia is in the middle of summer, so these season passes became popular Christmas gifts as well.

As you can imagine, as consumers have paid for multiple visits – many of them want to get great “value for money”– which means as many visits as possible. As a consequence, the park become very crowded at times. On several occasions, in the middle of summer, the waterpark was at full capacity. That means that season pass holders, who had paid for their tickets, were unable to enter the park because it was full. The other contributing factor to this overcrowding situation was that Wet ‘n Wild was not open every day. Although their season ran from September to April (the warmer months in Australia), they were not open seven days a week – sometimes only being open on weekends.

With a waterpark operating at full capacity on a hot day, you can imagine that the lines were quite long and uncomfortable. It was not uncommon to wait 1½ to 2 hours for a waterslide. This resulted in significant customer dissatisfaction that was expressed through social media, including Wet n’ Wild’s own Facebook site.

Answer the following questions:

  • As a new facility, Wet ‘n Wild was keen to recoup their infrastructure investment as quickly as possible. Therefore, do you agree with their pricing strategy or would there be a more appropriate approach to pricing?
  • As the number of season passes sold was significant, do you think that is ethical of the company to keep promoting these passes or do you think that they have a responsibility to their shareholders to maximize profitability?
  • Given that season pass holders paid for a service that was not always available (that is, the park was full), do you think that they should be entitled to some form of refund or compensation? If so, how could this be implemented given thousands of people could have been affected.
  • As there were reasonable numbers of dissatisfied season pass holders, what do you think would be the long-term implications of Wet n’ Wild’s objective to sell as many season passes as possible?

In: Accounting

Given that IKEA had to change its strategy for American market, did the company had to...

Given that IKEA had to change its strategy for American market, did the company had to change itsinternationalization strategy for its entry into the Indian market?

The furniture industry is an example of an industry that did not lend itself to globalization before the 1960s. The reasons for that are its features. Furniture has a huge volume compared to its value, relatively high transport costs and is easily damaged in shipping. Government trade barriers also were unfavorable. But IKEA – company established in the 1940s in a small village in Sweden, has become one of the world’s leading retailers of home furnishings. In 2002 it was ranked 44th out of the top 100 brands by Interbrand, topping other known brands such as Pepsi. In 2002, it had more than 160 stores in 30 countries. How did IKEA achieve it? The IKEA business idea is: ‘We shall offer a wide range of well-designed, functional home furnishing products at prices so low that as many people as possible will be able to afford them.’ By the early 1960s the Swedish market was saturated and IKEA decided to expand its business formula outside Sweden. They noted: ‘Sweden is a very small country. It’s pretty logical: in a country like this, if you have a very strong and successful business, you’re bound to go international at some point. The reason is simple—you cannot grow any more’ (Retrieved from http://www.ikea.com). IKEA’s internationalization strategy in Scandinavian countries and the rest of Europe has not paid significant attention to local tastes and preferences in the different European countries. Only necessary changes were allowed, to keep costs under control and IKEA’s low responsiveness to local needs strategy seems to work well in Europe (Kling K., Gofeman I. 2003).

The first challenge came in 1985 when IKEA entered the US market and faced several problems there. The root of most of these problems was the company’s lack of attention to local needs and wants. US customers preferred large furniture kits and household items. As a result of initial poor performance in the US market, IKEA’s management realized that a standardized product strategy should be flexible enough to respond to local markets. In the early 1990s IKEA redesigned its strategy and adapted its products to the US market. Thanks to it IKEA’s sales in the US increased significant and by 2002 the US market accounted for 19% of IKEA’s revenue. As the case study illustrates, in several industries firms with effective strategy do not have to change their core strategy significantly when they move beyond their home market. IKEA does not significantly change its corporate strategy and operations to adapt to local markets unless there is a compelling reason for doing so. IKEA’s strategy in the US during the 1980s demonstrates that even the most successful formula in the home market can fail if multinational companies do not respond effectively to local business realities.

Question: Given that IKEA had to change its strategy for American market, did the company had to change its internationalization strategy for its entry into the Indian market?

In: Economics

Table 13-7 The Flying Elvis Copter Rides Quantity Total Cost Fixed Cost Variable Cost Marginal Cost Average Fixed Cos...

Table 13-7
The Flying Elvis Copter Rides

Quantity Total
Cost
Fixed
Cost
Variable
Cost
Marginal
Cost
Average
Fixed
Cost
Average
Variable
Cost
Average
Total
Cost
0 $50 $50 $0 -- -- -- --
1 $150 A B C D E F
2 G H I $120 J K L
3 M N O P Q $120 R



Refer to Table 13-7. What is the value of G?

Group of answer choices

$120

$220

$270

$30

In: Economics

A movie theater company wants to see if there is a difference in the average movie...

A movie theater company wants to see if there is a difference in the average movie ticket sales in San Diego and Portland per week. They sample 20 sales from San Diego and 20 sales from Portland over a week. Test the claim using a 5% level of significance. Assume the variances are unequal and that movie sales are normally distributed.

San Diego

Portland

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Choose the correct decision and summary based on the p-value.

  • A. Do not reject H0. There is evidence that the average movie ticket sales in San Diego and Portland per week differ.
  • B. Reject H0. There is no evidence that the average movie ticket sales in San Diego and Portland per week differ.
  • C. Reject H0. There is evidence that the average movie ticket sales in San Diego and Portland per week differ.
  • D. Do not reject H0. There is no evidence that the average movie ticket sales in San Diego and Portland per week differ.

In: Statistics and Probability

A movie theater company wants to see if there is a difference in the average movie...

A movie theater company wants to see if there is a difference in the average movie ticket sales in San Diego and Portland per week. They sample 20 sales from San Diego and 20 sales from Portland over a week. Test the claim using a 5% level of significance. Assume the variances are unequal and that movie sales are normally distributed.

Choose the correct decision and summary based on the p-value.

  • A.

    Do not reject H0. There is evidence that the average movie ticket sales in San Diego and Portland per week differ.

  • B.

    Reject H0. There is no evidence that the average movie ticket sales in San Diego and Portland per week differ.

  • C.

    Reject H0. There is evidence that the average movie ticket sales in San Diego and Portland per week differ.

  • D.

    Do not reject H0. There is no evidence that the average movie ticket sales in San Diego and Portland per week differ.

San Diego

Portland

234

211

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214

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228

214

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228

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244

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234

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214

In: Statistics and Probability