A traveler wanted to know if the prices of hotels are different in the ten cities that he visits the most often. The list of the cities with the corresponding hotel prices for his two favorite hotel chains is in the table below. Test at the 1% level of significance.

What is the p-value? Round answer to four decimal places (i.e. 0.1234)? Answer

What is your decision? Answerreject the null hypothesisaccept the null hypothesisfail to reject the null hypothesis

1. Hotel has submitted an income statement for the end of the month that shows a net profit of $10,000. You will need to show that income statement based on the following given information. Food revenue and room’s revenue are the only two forms of revenue and food revenue is exactly the same as room revenue. Direct operating expenses for food is 50% of food revenue and direct operating expenses for rooms is 35% of room’s revenue. Marketing expenses are 20% of Total revenue, rent is 7%, A&G is 6%, Utilities are 8% Depreciation is 5%, Interest is 5% and Net Profit is 5%. Please put together a common-size income Statement using the correct format for the Hotel and make sure that you calculate the correct taxes (the only other additional expenses on the income statement) .

A food services manager for a baseball park wants to know if there is a relationship between gender (male or female) and the preferred condiment on a hot dog. The following table summarizes the results. Test the hypothesis with a significance level of 10%.

Henrietta, the owner of a very successful hotel chain in the Southeast, is exploring the possibility of expanding the chain into a city in the Northeast. She incurs $56,500 of expenses associated with this investigation. Based on the regulatory environment for hotels in the city, she decides not to expand. During the year, she also investigates opening a restaurant that will be part of a national restaurant chain. Her expenses for this are $54,800. She proceeds with opening the restaurant, and it begins operations on May 1.

Determine the amount that Henrietta can deduct in the current year for investigating these two businesses.

In your computations, round the per-month amount to the nearest dollar and use rounded amount in subsequent computations.

a. The deductible amount of investigation expenses related to expansion of her hotel chain into another city:

b. The deductible amount of investigation expenses related to opening a restaurant:

Henrietta, the owner of a very successful hotel chain in the Southeast, is exploring the possibility of expanding the chain into a city in the Northeast. She incurs $35,500 of expenses associated with this investigation. Based on the regulatory environment for hotels in the city, she decides not to expand. During the year, she also investigates opening a restaurant that will be part of a national restaurant chain. Her expenses for this are $53,800. She proceeds with opening the restaurant, and it begins operations on May 1.

Determine the amount that Henrietta can deduct in the current year for investigating these two businesses.

In your computations, round the per-month amount to the nearest dollar and use rounded amount in subsequent computations.

a. The deductible amount of investigation expenses related to expansion of her hotel chain into another city: $?

b. The deductible amount of investigation expenses related to opening a restaurant: $?

Without trying to decide who will win if Veronica sues Fun Products, Inc. and the Milton Hotel chain, analyze the following. Who are the parties to this lawsuit, and what are they called (trial level and appeal level)? What types of law will Veronica's lawsuit involve? What type of remedies is she seeking, and are these remedies (or some of them) appropriate to this type of case? What legal sources will the court consider in deciding if Fun Products, Inc. and the Milton Hotel chain (or either of them) are liable for Veronica's injuries? What types of liability does Larry face as a result of this scenario? What burden of proof will apply? What issues in this dispute would a jury decide (if the case went to trial), and what issues would a judge decide? What if the person(s) with liability here doesn't have the money to pay Veronica's damages?

1. Per GAAP, if we borrow some of the project’s costs in a specific loan and get the rest from cash that we have from the other general borrowings we have made in the past, what interest rate or rates do we use?

2. Per GAAP, this project is unique. It is one project with two parts—a hotel and a small retail area with shops. The hotel is going to take three years to complete and the retail shops will only take one year to complete. We will be able to open the shops in one year and start earning rent from our tenants. So my question is: Do we just capitalize on interest on the whole project for the full three years since that is when the whole project is complete? Or do we split it into parts? What are the rules?

Mediterranean Hotel Investments PTY LTD, decides to issue 40-year bonds with a face value of $1000 and semiannual coupon payments. The effective annual yield on other bonds of similar risk and time to maturity is 6.5%, so the company decides to offer 7% annual coupon to attract investors. What would be a fair price for these bonds? Show all workings. Imagine that immediately after issue, the general level of interest rates in the economy moves to such an extent that the value of the Mediterranean Hotel Investments’ bond shifts to exactly $1000. What would now be the new bond-equivalent yield (the one that will be advertised in the financial press as an annual rate and is variously called Nominal Interest Rate, Quoted Interest Rate or sometimes just yield or interest rate)?

A study of the career paths of hotel general managers sent questionnaires to an SRS of 300 hotels belonging to major U.S. hotel chains. There were 187 responses. The average time these 187 general managers had spent with their current company was 9.93 years. (Take it as known that the standard deviation of time with the company for all general managers is 3.5 years.) (a) Find the margin of error for an 85% confidence interval to estimate the mean time a general manager had spent with their current company: 9.3109 years (b) Find the margin of error for a 99% confidence interval to estimate the mean time a general manager had spent with their current company: years (c) In general, increasing the confidence level the margin of error (width) of the confidence interval. (Enter: ''DECREASES'', ''DOES NOT CHANGE'' or ''INCREASES'', without the quotes.)