In Crystal Ball
The Harriet Hotel in downtown Boston has 100 rooms that rent for $150 per night. It costs the hotel $30 per room in variable costs (cleaning, bathroom items, etc.) each night a room is occupied. For each reservation accepted, there is a 5% chance that the guest will not arrive. If the hotel overbooks, it costs $200 to compensate guests whose reservations cannot be honored.
How many reservations should the hotel accept if it wants to maximize the average daily profit?
In: Statistics and Probability
Hotel (hotelno(PK), hotelname, city)
• Room (roomno (PK), hotelno (PK,FK), type, price) type can be single, double, family
• Booking (hotelno(PK,FK), guestno(PK,FK), startdate(PK), enddate, roomno(PK,FK))
• Guest (guestno(PK), guestname, guestaddress)
1-Display on the screen the hotel name and city of all room type family.
2-Display hotel name and city for the guests currently staying at the Holiday Inn Hotel.
In: Computer Science
Question B1 Hong Kong Tourism Board (HKTB) has modified the hotel classification system to reflect more accurately the quality and service of Hong Kong Hotel. These factors are weighted to their relative importance according to the result of survey. The composite score of a hotel, which is compiled, based on the scores obtained for the indicators and the weights of the indicator and it is the overall measure reflecting the category of the hotel.
a) Identify FOUR components under Facilities factor; illustrate your answer with ONE example from each component.
b) From each component under Facilities, based on the official websites of EIGHT hotels in HKSAR, find out a total of EIGHT different hotels, including FOUR of them will get lowest score and FOUR of them will get highest score. Briefly provide reasons to support your findings.
c) Under Location, hotel can get score 1 to 5. Identify and explain FIVE different hotels, including ONE each with score 1, 2, 3, 4 and 5 at Location, based on the websites of hotels in HKSAR.
d) Explain how a hotel can get the highest score under SRR.
e) Explain how a hotel can get the highest score under AARR. f) Under Business Mix, will a hotel get zero score? Explain your answer.
In: Operations Management
Describe how live theater could deal with the Intangibility, Inconsistency, Inseparability and Inventory (perishability) of marketing services.
(20 points)
In: Operations Management
Question 7
In Santa Monica, California, it was reported that a “finder’s fee”—an up-front payment of up to $5,000—was being required of prospective tenants seeking to rent special apartments. What is this an example of?
the black market
a price floor
price gouging
a government price ceiling
Question 8
Mesa Petroleum Company built a small park in front of its corporate office. This is an example of __________.
imposing external costs on its shareholders
providing a pure public good
providing external benefits to the community
assuming city responsibilities
Question 9
What is the most frequently cited example of an externality?
service charges
public protest
pollution
sales taxes
Question 10
A negative externality exists when __________.
all costs are taken into account in the demand curve
all costs are taken into account in the supply curve
the market demand curve is not the true demand curve
the marginal social costs are not taken into account in the supply cur
In: Economics
The United States appears at times to have a totally schizophrenic attitude toward protectionism. The United States was the country that proposed the establishment of the World Trade Organization as early as the late 1940s, and was also the only industrialized country that refused to ratify this at that time. The United States has consistently argued on the side of multinational free trade in GATT Rounds, and yet maintains many protectionist laws such as those which reserve oil shipments from Alaska to U.S. flag carriers. How can you explain this apparent lack of national consistency on this issue?
In: Economics
One student set up the experiment to study the behavior of the pendulum, he did 6 trials, keeping the amplitude in 15 degree and changing the length of the pendulum, with a timing device he determines the period for different lengths. The experimental data is shown below,
|
trial |
L[m] |
T[s] |
|
1 |
0.5 |
1.37 |
|
2 |
0.6 |
1.50 |
|
3 |
0.7 |
1.63 |
|
4 |
0.8 |
1.74 |
|
5 |
0.9 |
1.85 |
|
6 |
1 |
1.96 |
To examine more carefully how the period, T depends on the pendulum length , the student creates the graph T 2 vs L, and he noticed that the graph is practically a straight line.
In: Physics
At a certain food establishment the possible food items are rice, chicken, and beef.
Home work help I do not know how to set this up and solve for these. Please show work and box answers. Thank you for your help.
For a given dinner, let R be the event that rice is available, let C be the event that chicken is available, let B be the event that beef is available. Assume that B and C are independent, and that P ( R ) = 0.7, P ( C ) = 0.8, P ( B ) = 0.375, P ( R ∪ C ) = 1, and P ( R | B ) = 0.896.
Find:
P ( R ∪ B ), P ( B ∪ C ), P ( R | C ), P ( C | B ), P ( B n C ), P ( R n C ), P ( R n B), P ( R n C n B), P ( R ∪ C ∪ B ), P ( C | R ), P ( B | C ), P ( B | R )
In: Statistics and Probability
On April 1, an Australian investor decides to hedge a U.S. portfolio worth $10 million against exchange risk using AUD call options. The spot exchange rate is AUD/$ ? 2.5 or $/AUD ? 0.40. The Australian investor can buy November calls AUD with a strike price of 0.40 U.S. cents per AUD at a premium of 0.8 U.S. cent per AUD. The size of one contract is AUD 125,000. The delta of the option is estimated at 0.5.
a. How many AUD calls should our investor buy to hedge the U.S. portfolio against the AUD/$ currency risk?
b. A few days later the U.S. dollar has dropped to AUD/$ ? 2.463 ($/AUD ? 0.406) and the dollar value of the portfolio has remained unchanged at $10 million. The November 40 AUD call is now worth 1.2 cents per AUD and has a delta estimated at 0.7. What is the result of the hedge?
c. How should the hedge be adjusted?
In: Finance
1-
Two coins are flipped, followed by rolling a die as many times
as the number
of heads shown.
(a) What is the probability of getting fewer than 5 dots in
total?
(b) Given that there were exactly 3 dots in total, what is the
conditional
probability that the coins showed exactly one head?
2-
Four people are dealt 13 cards each. You (one of the players)
got one ace.
What is the probability that your partner has the other three
aces?
3-
Two shooters are shooting two shots each at a target. The
probability of the
event “the first shooter hits the target” is 0.7 for each shot and
the probability for
the second shooter is 0.8. What is the probability of both shooters
missing the
target?
4-
Suppose the experiment consists of rolling two dice (red and
green), the event
A is: “the total number of dots equals 6”, B is: “the red die shows
an even number”.
Compute P(B/A).
In: Statistics and Probability