Illustrate how a hotel, restaurant, or theater can deal with the intangibility, inseparability, variability, and perishability of the service it provides. Give specific examples.
In: Accounting
Use this scenario "How to turn a movie theater into a hotel franchise." Create of a operations plan that shows how the product or service will be delivered
In: Finance
Much of Trail Ridge Road in Rocky Mountain National Park is over 12,000 feet high. Although it is a beautiful drive in summer months, in winter the road is closed because of severe weather conditions. Sustained gale-force winds (over 32 miles per hour and often over 90 miles per hour) occur on the average of 0.7 times every 56 hours at a Trail Ridge Road weather station.
(a) Let r = frequency with which gale-force winds occur in a given time interval. Explain why the Poisson probability distribution would be a good choice for the random variable r.
1) Frequency of gale-force winds is a common occurrence. It is reasonable to assume the events are independent.
2) Frequency of gale-force winds is a rare occurrence. It is reasonable to assume the events are dependent.
3) Frequency of gale-force winds is a common occurrence. It is reasonable to assume the events are dependent.
4) Frequency of gale-force winds is a rare occurrence. It is reasonable to assume the events are independent.
(b) For an interval of 106 hours, what are the probabilities that
r = 2, 3, and 4? What is the probability that r
< 2? (Use 2 decimal places for λ. Use 4 decimal places
for your answers.)
| P(2) | |
| P(3) | |
| P(4) | |
| P(r < 2) |
(c) For an interval of 173 hours, what are the probabilities that
r = 3, 4, and 5? What is the probability that r
< 3? (Use 2 decimal places for λ. Use 4 decimal places
for your answers.)
| P(3) | |
| P(4) | |
| P(5) | |
| P(r < 3) |
In: Statistics and Probability
A paper investigated the driving behavior of teenagers by observing their vehicles as they left a high school parking lot and then again at a site approximately
| 1 |
| 2 |
mile from the school. Assume that it is reasonable to regard the teen drivers in this study as representative of the population of teen drivers.
| Male Driver |
Female Driver |
| 1.4 | -0.2 |
| 1.2 | 0.5 |
| 0.9 | 1.1 |
| 2.1 | 0.7 |
| 0.7 | 1.1 |
| 1.3 | 1.2 |
| 3 | 0.1 |
| 1.3 | 0.9 |
| 0.6 | 0.5 |
| 2.1 | 0.5 |
(a) Use a .01 level of significance for any hypothesis tests. Data consistent with summary quantities appearing in the paper are given in the table. The measurements represent the difference between the observed vehicle speed and the posted speed limit (in miles per hour) for a sample of male teenage drivers and a sample of female teenage drivers. (Use μmales − μfemales. Round your test statistic to two decimal places. Round your degrees of freedom down to the nearest whole number. Round your p-value to three decimal places.)
| t | = | |
| df | = | |
| P | = |
(b) Do these data provide convincing support for the claim that, on
average, male teenage drivers exceed the speed limit by more than
do female teenage drivers?
YesNo
In: Statistics and Probability
A paper investigated the driving behavior of teenagers by observing their vehicles as they left a high school parking lot and then again at a site approximately
| 1 |
| 2 |
mile from the school. Assume that it is reasonable to regard the teen drivers in this study as representative of the population of teen drivers.
| Male Driver |
Female Driver |
| 1.4 | -0.2 |
| 1.2 | 0.5 |
| 0.9 | 1.1 |
| 2.1 | 0.7 |
| 0.7 | 1.1 |
| 1.3 | 1.2 |
| 3 | 0.1 |
| 1.3 | 0.9 |
| 0.6 | 0.5 |
| 2.1 | 0.5 |
(a) Use a .01 level of significance for any hypothesis tests. Data consistent with summary quantities appearing in the paper are given in the table. The measurements represent the difference between the observed vehicle speed and the posted speed limit (in miles per hour) for a sample of male teenage drivers and a sample of female teenage drivers. (Use μmales − μfemales. Round your test statistic to two decimal places. Round your degrees of freedom down to the nearest whole number. Round your p-value to three decimal places.)
| t | = | |
| df | = | |
| P | = |
(b) Do these data provide convincing support for the claim that, on
average, male teenage drivers exceed the speed limit by more than
do female teenage drivers?
YesNo
In: Statistics and Probability
Suppose that miles driven anually by cars in America are normally distributed with mean = 12; 894 miles and standard deviation = 1190 miles.
(a)If one car is chosen at random, what is the probability it has driven more than
13,000 miles last year?
(b) If a sample of 25 cars is taken, what is the probability that the mean of the
sample is less than 13,000 miles?
***A parameter is a value for a population, and a statistic
is a value for a sample.
T F
In: Statistics and Probability
Miles driven by millennials. In 2009, the number of miles driven per year by persons aged 16–34 was 7,900. Assume that the number of miles driven was decreasing by 300 miles per year.
a. Model this information with a linear equation.
b. Use this model to predict how many miles persons aged 16–34 will drive per year in 2019.
c. Explain why this model would not be expected to hold in 2030.
In: Advanced Math
Consider a random sample of 200 one-way commute distances (in miles) from Radcliffe College to a student’s primary place of residence. The sample mean is 10.33 miles and the sample standard deviation is 3.77 miles. What percent of students sampled live between 0.81 and 19.85 miles from Radcliffe College? Suppose a student lived 25 miles from Radcliffe College. Would this commute distance be considered an outlier?
In: Math
import java.util.Random;
class Conversions {
public static void main(String[] args) {
public static double quartsToGallons(double quarts) {
return quarts * 0.25;
}
public static double milesToFeet(double miles) {
return miles * 5280;
}
public static double milesToInches(double miles) {
return miles * 63360;
}
public static double milesToYards(double miles) {
return miles * 1760;
}
public static double milesToMeters(double miles) {
return miles * 1609.34;
}
public static double milesToKilometer(double miles) {
return milesToMeters(miles) / 1000.0;
}
public static double inchesToFeet(double inches) {
return inches * 0.0833333;
}
public static int minutesToSeconds(int minutes) {
return minutes * 60;
}
public static double minutesToHours(int minutes) {
return minutes / 60.0;
}
public static double minutesToDays(int minutes) {
return minutes / (24 * 60);
}
public static int randRange(int low, int high) {
Random random = new Random();
// returns inclusive of low and high
return low + random.nextInt(1 + high - low);
}
public static double percentage(double x, double y) {
return x * 100 / y;
}
}
class Driver {
public static void main(String[] args) {
System.out.println("1000 Quarts = " +
Conversions.quartsToGallons(1000) + " gallons");
System.out.println("12 Miles = " + Conversions.milesToFeet(12) +
" feet");
System.out.println("12 Miles = " + Conversions.milesToInches(12) +
" inches");
System.out.println("12 Miles = " + Conversions.milesToYards(12) + "
yards");
System.out.println("12 Miles = " + Conversions.milesToMeters(12) +
" meters");
System.out.println("12 Miles = " + Conversions.milesToKilometer(12)
+ " kilometers");
System.out.println("50 inches = " + Conversions.inchesToFeet(50) + " feet");
System.out.println("1200 minutes = " +
Conversions.minutesToSeconds(1200) + " seconds");
System.out.println("1200 minutes = " +
Conversions.minutesToHours(1200) + " hours");
System.out.println("1200 minutes = " +
Conversions.minutesToDays(1200) + " days");
System.out.println("Random number between [1-20] = " + Conversions.randRange(1, 20));
System.out.println("2 is " + Conversions.percentage(2, 5) + "% of 5");
}
}
what is wrong with my code?
In: Computer Science
Disney offers both hotel rooms and entrance to their theme parks at their resorts. Consider four different market segments with willingness to pay for rooms and market shares shown in the table below. Assume a total market size of 5,000 individuals per day.
Segment Amusement
Park Lover, Luxury Lover, Conference Devotee, Disney Devotee
Room, $200 $300 $325 $50 Theme Park $150 $50 $5 $200 Market Share
20% 10% 20% 50%
a) Scenario A: Consider a Disney price menu with the Hotel Room at
$300 and Theme Park Entrance at $150. Complete the chart by
answering the following questions. i. Calculate the consumer
surplus for each segment with each offering. (4 points) ii.
Calculate the revenue earned from each offering and market segment.
(4 points)
Consumer Surplus Room Theme Park Amusement Park Lover Luxury Lover
Conference Devotee Disney Devotee Revenue Theme Park Room Amusement
Park Lover Luxury Lover Conference Devotee Disney Devotee
b) Scenario B: Consider a Disney price menu of Hotel Room at
$200 and Theme Park Entrance at $150. Complete the chart by
answering the following questions. i. Calculate the consumer
surplus for each segment with each offering. (4 points) ii.
Calculate the revenue earned from each offering and market segment.
(4 points) Consumer Surplus Room Theme Park Amusement Park Lover
Luxury Lover Conference Devotee Disney Devotee Revenue Theme Park
Room Amusement Park Lover Luxury Lover Conference Devotee Disney
Devotee
c) Scenario C: Consider a Disney price menu of Hotel Room at $325
and Theme Park Entrance at $200, and Hotel + Theme Park Bundle for
$350. Complete the chart by answering the following questions. i.
Calculate the consumer surplus for each segment with each offering.
(6 points) ii. Calculate the revenue earned from each offering and
market segment. (6 points)
Consumer Surplus Theme Park Room Room + Theme Park Amusement Park
Lover Luxury Lover Conference Devotee Disney Devotee Revenue Room
Theme Park Room + Theme Park Amusement Park Lover Luxury Lover
Conference Devotee Disney Devotee
d) What are the optimal prices of the Hotel Rooms and Theme Park Entrance in the absence of bundling? (3 points)
e) Compare the revenue obtained in part (c)(ii) with the revenue obtained in part (d)? (2 points)
f) Explain the intuition about why bundling increases the overall revenue earned? (3 points)
I know how to do part a and b but not sure for part c, d, and e
In: Economics