Suppose the JLFB movie production company has produced two movies, A and B, and distributes them to theaters with willingness to pay for the two movies, which is shown below,
Movie A Movie B
A. Smith Theater $135 $95
J. Schumpeter Theater $85 $115
a. Which package will result in the largest profit for the JFLB movie production company?
b. Charge $85 for movie A and $95 for movie B.
c. Charge $135 for movie A and $115 for movie B.
d. Charge $100 for both movie A and B if they are bought together.
e. Charge $110 for both movie A and B if they are bought together.
In: Economics
as a marketing director for an hotel, illustrate with the use of a diagram how you can apply the service marketing mix to the hotel
In: Economics
1.a. In a survey carried out at a famous water park, 28 children out of a random sample of 80 said that they used the water slide regularly. Find a 95 % confidence interval for the true proportion of all children at the water park who uses the water slide regularly. [4]
b. The owner of the water park found that 45 children out of a random sample of 100 said that they used the pool regularly. Find a 98% confidence interval for the true proportion of all children in the water park who uses the pool. [4]
In: Statistics and Probability
PA= 5 – 2QA
PB= 2.5 – 0.5QB
Marginal cost (MC) to serve each visitor is equal to $1.
a. If the amusement park decides to set the price using two-part tariff, given the demand curve
P=6 – 2.5Q and MC =$1, how much is the equilibrium P and Q
b. Calculate the maximum upfront fee the park could charge each visitor
In: Economics
In Avocado Park, 38% of the population is made up of immigrants. Consider a random sample of 78 residents of Avocado Park.
a.How many individuals must reside in Avocado Park to consider the selection of these individuals to be independent?
b.What is the probability that more than 30 of the residents in the sample are immigrants?
c. How many immigrants should be EXPECTED to be in the sample?
d.Peacoat Fashions currently employs 78 Avocado Park residents. If there are fewer than 20 employees that are immigrants, does that suggest that immigrants are less likely to be hired at Peacoat Fashions?
In: Statistics and Probability
New York City is the most expensive city in the United States for lodging. The mean hotel room rate is $205 per night (USA Today, April 30, 2012). Assume that room rates are normally distributed with a standard deviation of $55. Use Table 1 in Appendix B. a. What is the probability that a hotel room costs $225 or more per night (to 4 decimals)? b. What is the probability that a hotel room costs less than $143 per night (to 4 decimals)? c. What is the probability that a hotel room costs between $201 and $301 per night (to 4 decimals)? d. What is the cost of the 20% most expensive hotel rooms in New York City? Round up to the next dollar.
In: Statistics and Probability
New York City is the most expensive city in the United States for lodging. The mean hotel room rate is $205 per night (USA Today, April 30, 2012). Assume that room rates are normally distributed with a standard deviation of $53. Use Table 1 in Appendix B.
a. What is the probability that a hotel room costs $224 or more per night (to 4 decimals)?
b. What is the probability that a hotel room costs less than $139 per night (to 4 decimals)?
c. What is the probability that a hotel room costs between $201 and $299 per night (to 4 decimals)?
d. What is the cost of the 20% most expensive hotel rooms in New York City? Round up to the next dollar.
In: Statistics and Probability
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New York City is the most expensive city in the United States for lodging. The mean hotel room rate is $203 per night (USA Today, April 30, 2012). Assume that room rates are normally distributed with a standard deviation of $56. Use Table 1 in Appendix B. a. What is the probability that a hotel room costs $227 or more per night (to 4 decimals)? b. What is the probability that a hotel room costs less than $139 per night (to 4 decimals)? c. What is the probability that a hotel room costs between $199 and $300 per night (to 4 decimals)? d. What is the cost of the 20% most expensive hotel rooms in New York City? Round up to the next dollar. |
In: Statistics and Probability
suppose that a hotel has 100 rooms and the hotel is accepting overbooking anticipating some cancellations. The probability for cancellation is 0.07.
a) What is the probability that somoen who made a reservation will be turned away if this hotel has allowed for 110 resevations?
b. 105 reservation
c. why did the answer to part b go down
In: Statistics and Probability
American Movieplex, a large movie theater chain, leases most of its theater facilities. In conjunction with recent operating leases, the company spent $28 million for seats and carpeting. The question being discussed over breakfast on Wednesday morning was the length of the depreciation period for these leasehold improvements. The company controller, Sarah Keene, was surprised by the suggestion of Larry Person, her new assistant.
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Keene: |
Why 25 years? We’ve never depreciated leasehold improvements for such a long period. |
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Person: |
I noticed that in my review of back records. But during our expansion to the Midwest, we don’t need expenses to be any higher than necessary. |
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Keene: |
But isn’t that a pretty rosy estimate of these assets’ actual life? Trade publications show an average depreciation period of 12 years. |
Required:
In: Accounting