Two routes are under consideration for a new highway that will take two years to complete. The long intervalley route would be 25 miles in length and would have an initial cost of $50 million for the 1^st year and $30 million for the 2^nd year. The short transmountain route would be 10 kilometers long and would have an initial cost of $75 million for the 1st year and $50 Million for the 2^nd year. Maintenance costs are estimated at $2.5 Million per year for the long route and $1.0 Million per year for the short route for the first year. The maintenance cost is expected to rise with estimated US inflation over time. (You can estimate the inflation increase and distribution based on historical information). Based on historical information, the average US inflation rate is 3.22%. Regardless of which route is selected, the initial volume of traffic (start of 3^rd year) is expected to be 400,000 vehicles per year (normally distributed with the std dev at 20,000 vehicles). The estimated driving growth in vehicles is 2% per year starting in the 2^nd year after opening. This increase is uniformly distributed +/- 0.5%. Each option would have to be repaved every 5 years at a cost of $500,000 per mile in today’s cost (assume the same inflation rate at above). Assume a 20 year project window and an interest rate of 6%, what is the least expensive investment using NPV (Monte Carlo simulation of the cost)?

If the vehicle operating expenses are assumed to be $0.20 per mile, how might this analysis differ when considering the public benefit?

Write a professional-quality letter advising applicant Robert Garneau-Hadfield that his application for a Bank of Montreal Gold AIR MILES MasterCard has been declined.

Facts that are relevant to the decision are as follows:

1. You are writing this letter on behalf of your supervisor, Bjarni Tryggvason, whose title is Manager, Credit Services. However, the recommendation to decline the application was yours.

2. To qualify for the Gold Card the applicant must:

   1. Have at least one year of employment with the same employer;

   2. Own a home for at least six months, or rent the same home for at least one year;

   3. Have an income of at least $45,000 per year;

   4. Have a credit rating acceptable to Bank of Montreal.

3. To qualify for the standard AIR MILES MasterCard the applicant must meet the same eligibility requirement as for the Gold Card, except that the applicant must:

   1. Have an income of at least $25,000 per year.

4. As of the date of application, Robert has owned a home for 13 months, had an income of $42,500 in 2020, and has an acceptable credit rating.

5. Roberta took a new job with a new employer on February 1, 2020.

6. The Gold Card has the following benefits:

   1. Minimum credit limit of $5,000.

   2. Collision damage waiver insurance on cars rented with the card.

   3. 1 AIR MILES reward mile per $20 of purchases.

   4. Annual fee of $99.

7. The bank has another credit card with easier eligibility requirements. This standard card has the following benefits:

   1. Minimum credit limit of $1,000.

   2. 1 AIR MILES reward mile per $40 of purchases with no annual fee.

   3. 1 AIR MILES reward mile per $20 of purchases, if an annual fee of $40 is paid.

8. If any other information is missing that you feel is required or necessary, feel free to make reasonable assumptions. Please state the assumptions separately from your letter, so that I know what they are when I grade your letter.

Please answer all qestions

1) Within a function header, for example:

def gcd(a, b):

The variables that appear within parentheses are called what?

Group of answer choices

a)variables

b)attributes

c)parameters

d)arguments

2)Question 31 pts

Within a function call, for example:

g = gcd(142, b);

The text that appears within parentheses is called what?

Group of answer choices

a) variables

b) attributes

c) parameters

d)arguments

3) Question 42 pts

Given this function header:

def compute(x, y, z):

And this code to call that function:

x = 7
result = compute(3, 2, x)

Within the function compute, what value will be stored in the parameter x ?

Group of answer choices

2

3

7

None of the above

4) Question 51 pts

What is wrong with the following function?

def area circle(radius):
    """Compute and return the area of a circle."""
    area = math.pi * radius ** 2
    return area

Group of answer choices

The function name includes a space character.

The function has no parameters.

The function redefines its parameter.

The function doesn't return a value.

5) Question 61 pts

What is wrong with the following function?

def kilometers_from_miles(miles):
    """Convert a value in miles to kilometers
    and return the kilometers value.
    """
    miles = float(input("Please enter a distance in miles: "))
    km = miles * 1.60934
    return km

Group of answer choices

The function has no parameters.

The function redefines its parameter.

The function is too short.

The function doesn't return a value.

6) Question 71 pts

What is wrong with the following function?

def torus_volume(inner, outer):
    """Compute and return the volume of a torus."""
    vol = 2 * (math.pi * inner) ** 2 * outer

Group of answer choices

The function has no parameters.

The function redefines its parameter.

The function is too short.

The function doesn't return a value.

A Sheraton Hotel bond has a par value of $1,000, and has a coupon rate of 7.25%. The coupon in paid monthly. The investor's rate of return is 9%. The bond will mature in 12 years, and the investor is planning to keep this bond until maturity. Based on this information, the value of this bond is equal to:

A. $817.85

B. $871.85

C. $858.71

D. $885.71

Ada Hotel Group has set up a pension fund for employee benefits. The company plans to put $50,000 in the fund at the end of each quarter. If this is a 20-year fund that earns 6.4% annual interest compounded quarterly, what would be fund balance at the end of 20 years?

a. $7,459,234.56

b. $9,268,201.30

c. $8,001,194.75

d. $10,238,430.10

Value of the Night Audit"

Evaluate the various night audit reports and determine which is the most valuable across the greatest number of circumstances. Explain your rationale. Analyze recent innovations in night audit procedures (with a focus on automation) to determine the most significant benefit to both guests and management of any given hotel. Explain your rationale.

What are 7 or more key ways in which marketers (in hotels and other companies) could actively and effectively engage with TripAdvisor? One way to answer this question is to assume that you are the CEO of a hotel and your TripAdvisor ratings at below 2 (where 5 is the best). What specific strategic initiatives would you as the CEO pursue to address this situation?

Peter Morgan sells pigeon pies from his pushcart in Central Park. Due to the abundant supplies of raw materials, his costs are zero. The demand schedule for his pigeon pies is p(y) =80-y/4 . What level of output will maximize Peter’s profits?

1. 164

2. 480

3. 32

4. 320

5. None of the above