14. The health of the adult dinosaur population in Jurassic Park is monitored by periodic measurements from drugged and sleeping animals. A sample of 54 dinosaurs has mean height of 182.9 in. Assuming that “sigma” is known to be 121.8 in., use a 0.05 significance level to test the claim that the population mean of all such dinosaur heights should be greater than 150 in.
In: Statistics and Probability
Is the total relativistic energy in 1 kg of 238U greater than, equal to, or less than the total energy in 1 kg of 12C?
You’re in a park listening to a concert that’s 70 m away. The music is faint, and you want the sound intensity to be a factor of 4 times higher. How far from the stage do you need to be?
In: Physics
PLEASE USE EXCEL
Jackson Park Company has current assets of $32,450, net fixed assets of $72,340, current liabilities of $17,842, and long-term debt of $53,200.
In: Finance
In many large cities, the government operates a museum, library and park that are visited by a substantial number of people who are not residents of the city. What economic reasons would justify the city financing these services through user charges? What problems would user-charge financing present in these cases? What should the charge be based on, or how should it be structured
In: Economics
The average daily rate of a hotel in Canada as of August 2018
was $182.65. Assume the average daily rate follows a normal
distribution with a standard deviation of $25.70.
Standard Normal Distribution Table
a. What is the probability that the average daily rate of a Canadian hotel will be:
(i) less than $175
P(X < 175)=P(X < 175)=
(ii) more than $200
P(X > 200)=P(X > 200)=
(iii) Between $150 and $190
P(150 < X < 190)=P(150 < X < 190)=
b. Determine the average daily rates that
separate the:
(i) top 4% of average daily rates from the rest of the
daily rates or from the bottom 96% of average daily
rates
x=x=
(ii) bottom 15% of average daily rates from the rest of the
daily rates
x=x=
(iii) middle 65% of average daily rates from the rest of
the daily rates
< x < < x <
Please provide 6 decimal places.
Please provide correct answers. Thanks.
In: Statistics and Probability
During the Spock Hotel's last audit, the auditor noticed that the financial statements were missing some footnotes important for users using them for decision making. This action by the Spock Hotel is a violation of:
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the full disclosure principle. |
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the economic entity concept. |
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the revenue recognition principle. |
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the going concern concept |
A trial balance is a necessary checkpoint for uncovering certain types of errors before one proceeds to other steps in the accounting process.
True
False
When posting transactions from the general journal to the ledger, ________ will need to be recorded on the journal page.
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the debited amount |
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the credied amount |
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the date |
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the account number |
Le Hotel Cougar purchases $3,000 worth of supplies on July 15th, but they do not have to pay until next month. How should we record this transaction in July?
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Debit $3,000 for Supplies. Debit $3,000 for Accounts Payable. |
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Debit $3,000 for Supplies. Credit $3,000 for Accounts Payable. |
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Credit $3,000 for Supplies. Credit $3,000 for Accounts Payable. |
||
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Credit $3,000 for Supplies. Debit $3,000 for Accounts Payable. |
In: Accounting
The food and beverage manager of the Glitz Hotel just got a great deal on beverages for the bar. Instead of buying large 5L containers for $25 each, they instead were able to purchase 1,000 cases of 12-packs of 500ml cans for $26,640. Beverages are served in 500ml servings. Usually, they sell 800 beverages over a weekend, but they actually sold 900 this past weekend. However, 20 customers had to be refunded due to problems with the cans.
Direct labour costs are driven by the number of beverages served. A typical weekend requires four servers each working two 8-hour shifts at $12/hour. At the end of the weekend, actual labour costs were $816.50 for 71 hours.
Required:
A Calculate the following variances:
Material rate
Material quantity
Direct Labour rate
Direct labour efficiency
B Briefly explain the variances to the hotel manager, and explain if the variances are somehow interlinked. Assess the special purchase and identify other factors that should be considered.
In: Accounting
a)In order to determine the average price of hotel rooms in georgia, a sample of 63 hotels were selected. It was determined that the test statistic (z) was $1.74. We would like to test whether or not the average room price is significantly different from $110. Population standard deviation is known to us.Compute the p-value.
b)In order to determine the average price of hotel rooms in Atlanta, a sample of 36 hotels were selected. It was determined that the average price of the rooms in the sample was $108.4. The population standard deviation is known to be $13. We would like to test whether or not the average room price is significantly different from $110.Compute the test statistic.
c)A sample of 36 account balances of a credit company showed an average balance of $1,179 and a standard deviation of $136. You want to determine if the mean of all account balances is significantly greater than $1,150. Use a 0.05 level of significance. Assume the population of account balances is normally distributed.Compute the test statistic.
In: Statistics and Probability
Conjoint Analysis
Imagine we are evaluating three hotels and have identified a conjoint model with three attributes. Two of the attributes (food and beach) have three levels, and the third, amusement, has two levels (see Table 1). We create a self-administered questionnaire. Four respondents are each asked to rate 18 packages (hotels) of attributes on a scale from 0 to 10. For example, a package/hotel might be : “A hotel with food featuring snacks, a beach with sand and boats, and no amusements.” The respondents responses are recorded in the Excel file “2_conjoint_hotels.xlsx” Google sheets version here (can be easily imported to excel): https://docs.google.com/spreadsheets/d/17tZ2xqS7KswhO9CgnUAgv-mKqPj63GwxaiHP2dhj7YU/edit?usp=sharing
| Attributes | Level 1 | Level 2 | Level 3 |
| Food | Fine dining | Fast Food | Snacks |
| Beach | Sand and Boats | Sand | Pebbles |
| Amusement | Games room | None |
Write out your regression model. For each respondent, run the conjoint analysis and report the part-worths.
.
In: Statistics and Probability
A resort hotel annual sales revenue of $1,000,000, Variable costs of $350,000, and a fixed costs of $570,000. The fixed costs include $80,000 a year for land rental lease.
a) Calculate the hotel's breakeven point.
b) If the owners had an equity investment in the hotel of $1,200,000. What level of sales revenue is required for an operating income (BT) representing a 15% return on their investment?
c). In a renegotiation of the land lease, the landowner has offered management an alternative to the fixed lease currently being paid. The alternative in the lease currently being paid. The alternative is 10% of the resort's contribution margin.
i. If management accepts this proposal, what would be the resort hotel's new breakeven point?
ii. Calculate the indifference point.
iii. Explain whether management should accept this proposal. if next year's total sales revenue is expected to be $1,200,000?
iv. Should management accept this proposal if next's total sales revenue is expected to be $1,400,000
.:PS. I need all the C ( this includes " i " ; " ii " ; " iii " & " iv "
In: Finance