Many families in California are using backyard structures for home offices, art studios, and hobby areas as well as for additional storage. Suppose that the mean price for a customized wooden, shingled backyard structure is . Assume that the standard deviation is .
a. What is the -score for a backyard structure costing (to 2 decimals)? If your answer is negative, enter minus (-) sign. b.
What is the -score for a backyard structure costing (to 2 decimals)?
c. Interpret the -scores in parts (a) and (b).
Comment on whether either should be considered an outlier. is standard deviations the mean. is standard deviations the mean.
d. If the cost for a backyard shed-office combination built in Albany, California, is , should this structure be considered an outlier? Explain. is (to 2 decimals) standard deviations the mean. This cost an outlier.
In: Statistics and Probability
Use Excel to answer the following question:
Sundance Detective Agency purchased new surveillance equipment with
the following estimates. Note: The year index is k = 1, 2, 3, ...
to calculate the maintenance costs and extra revenues for the
corresponding years.
| First cost ($) | 1,050 |
| Annual maintenance cost ($ in year k) | 70 + 5k |
| Extra revenue ($ in year k) | 200 + 50k |
| Salvage value ($ at the end of the useful life) | 600 |
(a) Prepare a cash-flow (CF) table, do present worth (PW) analysis
using an appropriate Excel built-in function to calculate the
discounted payback period x with a return of 10% per year.
(b) For a preliminary conclusion, should the equipment be purchased
if the actual useful life is 7 years? Comment.
In: Economics
Heating, Ventilating and Air Conditioning (HVAC) Systems create and maintain the levels of comfort required by guests and employees. HVAC systems must be properly selected, operated and maintained if they are they are to provide an appropriate level of comfort.
How do you think a hotel building stays cool?
In: Operations Management
Discuss four risks that your company is likely to be exposed to if it goes ahead with debt finance as a source of finance and explain with 5 points how this decision will affect the return to the equity holders or shareholders of your company (hotel) following the arguments of M&M proposition 2.
In: Finance
In: Economics
Define each of the following resources.
7.1. Central park:
7.2. I-95 interstate thruway from Maine to Florida:
7.3. Fish in a stream in NY State:
7.4. US Navy medical hospital supply ship now docked in NYC:
7.5. Zoom:
In: Economics
How can TV Networks and Broadway
plays use revenue management?
"Revenue management is an extremely important concept within the hospitality industry, because it allows hotel owners to anticipate demand and optimise availability and pricing, in order to achieve the best possible financial results"
In: Finance
"Arrival and Registration" Briefly describe a hotel with which you are familiar and make at least one recommendation for improvement regarding its registration procedure. come up with a way to mitigate the frustration customers feel when they need to wait at registration. Please be as creative as you like.
In: Operations Management
Create a Database Schema for a hotel reservation system. indicate the Primary Keys, Foreign Keys, and the one-to-one or one-to-many relationships between the tables. Also describe in a small paragraph the scope of the back-end database, by explaining the different tables and their relations in your schema.
In: Computer Science
Please answer in 250-350 words please.
What is a PMS? What are the key features PMS should have to operate the hotel more effectively and efficiently? What other systems should PMS be seamlessly connected for better communication and management from the operators’ perspectives?
In: Operations Management