Morrison Hotel uses its banquet room to host parties, dinner dances, and business meetings. The hotel serves meals and provides a variety of services for each event. A local consultant analyzed recent cost data and estimated the total cost function per event to be as follows: Y = $1,000 + $9.00 x Assuming that Y represents total cost and x equals the number of guests, use this equation to answer the following questions:

a. If the hotel charges $25.00 per guest, how many guests must attend for the hotel to break even at each event?

b.  If the hotel charges $28.00 per guest, how many guests must attend for the hotel to break even at each event?

c..  If the hotel charges $28.00 per guest, would you advise this hotel to host events for 50 or fewer guests? Why or why not?

Durango Mountain Bike Company wants to open a bicycle repair shop in a suburb of a major metropolitan area. The industry association estimates that 20 percent of bicycles are repaired by similar service companies and that the average owner spends $100 per bicycle on maintenance each year. The census and local chamber of commerce data indicate that there are 10,000 bicycles in the county. Three other competitors exist within a twenty-five-mile radius of the proposed business location. Based on a consumer survey, the owners believe that they can capture 30 percent of the market in the first year of operation. Based on these data, address the following requirements:

a.  What is the potential number of bicycles likely to be commercially repaired?

b. What is the total potential bicycle repair revenue available in the market?

c. How much revenue can Durango Mountain Bike expect to generate?

Instructions :

• It is recommended that you use the IRAC problem solving method.

• You may use headings and subheadings to structure your answer.

• Your answer must include legal references (relevant cases and/or sections of Acts).

The word limit is 600 words.

Question 2

Earlier in the day, when Rob arrived at the Fancy Hotel before the performance, he was surprised to find that there was a valet car parking service. Rob had not been to the Fancy Hotel before but had used a valet car parking service in the past at another venue. He gave the keys of his Mercedes to the valet attendant and received a ticket in return. He put the ticket into his wallet without reading it.

At the end of the night, he goes to the valet desk and to ask for his car, but it is missing! One of the valet attendant’s recalled handing the car keys over to a customer who had lost his ticket but who was able to identify the car when walking through the carpark.

Rob is furious and demands to speak to Steve, the hotel manager. Steve points to the back of Rob’s ticket which reads: ‘The Fancy Hotel will not be responsible for any damage caused to cars howsoever that damage is caused.’ Steve then says that the same clause is also printed on a large sign in the Hotel entrance. Rob protests and says that he never read the ticket and as he did not enter the Hotel through the main entrance he never saw the sign. Rob wants to sue.  

Using relevant legal principles, discuss whether Rob would be able to sue the Hotel, or whether the Hotel would be able to rely upon the exclusion clause.

Many Japanese cultural traits include ancient Chinese influences. Please discuss examples of Chinese influence that you have discovered in Japanese religious activities, theater, traditional music and instruments.

Does knowing the personal, social, or political context of a work of art has a bearing on how to judge the art in question?

Give examples from:

painting or sculpture,

literature, and

theater, television or film.

PART A
A metallic spherical thin shell of radius 0.1 m is charged with a negative charge of 1 μC
a) With what minimum initial velocity should I launch an electron from very far
away so that it can reach the surface of the spherical shell?
b) With what minimum initial velocity should I launch a proton from very far
away so that it can reach the surface of the spherical shell?
c) What is the value of the electric field close to the surface of the shell?
d) If this shell is then put in contact through an electrical wire with another
metallic spherical thin shell of radius 0.05 m which is far away from the first
one and initially discharged, what will be the new value of the electric field near
the surface of the first shell?
e) What will be the value of the electric field near the surface of the second shell?
f) What are the energies of the configurations of charges before and after
connecting the two spheres with the wire
PART B
g) Imagine that the wire used in part d) to connect both spheres does not have a
negligible resistance and has instead a resistance of 1000 W . How would the
answers to d) ,e,) and f) change?
h) Explain in words what would be the difference between both cases.
PART C
i) Remove the wire connecting to the smaller sphere ( which is far away) and
just concentrate on the larger sphere .
j) Draw the magnitude of electric field as a function of the distance from the
center of that sphere. What is the value of that electric field at the following
distances from the center ( 0.2 m , 0.3 m, 0.4 m, )
k) Place a surrounding metallic hollow sphere of inner radius 0.25 m and outer
radius 0.35 m centered at the same point where your original sphere is. That
sphere is given a total charge of + 0. 8 μC.. but not connected or touching in
any way the original sphere. What is the value now at the same distances from
the center ( 0.2 m , 0.3 m, 0.4 m)?
l) What are the charges in the inner and outer surfaces of the hollow sphere?

Can you help me with part b and c

Consider a family with a mother, father, and two children. Consider the following set of events: A1 = {mother has influenza} A2 = {father has influenza} A3 = {first child has influenza} A4 = {second child has influenza} B = {at least one child has influenza} C = {at least one parent has influenza} D = {at least one family member has influenza}

1. What does A1 ∪ A2 mean? Which answer is correct? Please provide explanation

2. Are A3 and A4 mutually exclusive events? Which answer is correct? Please provide explanation

a. Yes

b. No

c. Maybe

3. Express D in terms of B and C. Which answer is correct? Please provide explanation

Suppose an influenza epidemic strikes a city. In 10% of families, the mother has influenza. In 10% of families, the father has influenza. In 2% of families, both the mother and father have influenza. Furthermore, suppose each child has a 20% chance of contracting influenza and there is a 10% chance both children become diseased.

4. Considering the set of events from Question 5, are A1 and A2 independent? Which answer is correct? Please provide an explanation.

a. Maybe

b. Yes

c. No

5. What is the probability that at least one child will get influenza? Which answer is correct? There might be slight rounding differences. Please provide an explanation.

a. 0.2

b. 0.5

c. 0.3

d. 0.1

6. Based on your result from Part (a), what is the conditional probability that the father has influenza given the mother has influenza? Which answer is correct? There might be slight rounding differences. Please provide an explanation.

a. 0.5

b. 0.2

c. 0.3

d. 0.1

The answers were given for this problem, but I am not sure how to derive them. Would need any kind of help

Suppose that you sell Christmas trees each holiday season for $30 a tree. Peak selling time is the 2 weeks leading up to Christmas, but since harvesting real pine trees takes time, your supplier requires a 1 month lead time.

Your purchase cost per tree is $20. Anytime a customer comes to your store requesting a tree and it is unavailable, you give them a $5 credit (per tree) to spend on other products. (You should assume they always use this credit.) Any trees not sold before Christmas are sold to a local lumber yard at $10/tree.

Demand for this Christmas is forecasted in the following table.

a) (3 points) To the nearest tree, what is the expected demand for this Christmas? (Remember, as with all questions, you should show work for full credit.) 750 trees

b) (3 points) Suppose you order exactly 800 trees, how many trees would you expect to sell? (Remember, as with all questions, you should show work for full credit.) 730 trees

c) (3 points) Suppose you order exactly 800 trees while the actual demand turns out to be 700 trees, what is your expected profit (including goodwill costs if there are any)? $6000

d) (3 points) What is the underage cost? What is the overage cost? Just by comparing the two costs, should we order more or less than the average demand? Briefly explain.

Underage: $15

Overage: $10

We should order more than average, but why? I don't understand the explanation

e) (3 points) What is the optimal order quantity given the demand in part a)? As with all questions, please show work for full credit. 800 trees

f) (1 point) What is the effective service level for the quantity you suggested in part e)? 80%

The mean area of homes in a certain city built in 2009 was 2438 square feet. Assume that a simple random sample of 11 homes in the same city built in 2010 had a mean area of 2,297 square feet, with a standard deviation of 225 square feet. An insurance company wants to know if the mean area of homes built in 2010 is less than that of homes built in 2009. Compute the P-value of the test.

Write down your P-value. You will need it for the next question.

Write only a number as your answer. Round to four decimal places (for example: 0.3841).

In the last question, an insurance company wants to know if the mean area of homes built in 2010 is less than that of homes built in 2009. What is the conclusion at the 0.05 level of significance?

Question 13 options:

Destination Hotels currently owns an older hotel on the best beachfront property on Hilton Head Island, and it is considering either remodeling the hotel or tearing it down and building a new convention hotel, but because they both would occupy the same physical location, the company can only do one—that is, these are mutually exclusive projects.

Both these projects have the same initial outlay of $1,000,000. The first project, since it is a remodel of an existing hotel, has an expected life of 8 years and will provide free cash flows of $250,000 at the end of each year for all 8 years. In addition, this project can be repeated at the end of 8 years at the same cost and with the same set of future cash flows. The proposed new convention hotel has an expected life of 16 years and will produce cash flows of $175,000 per year. The required rate of return on both of these projects is 10 percent. Calculate the NPV using replacement chains to compare these two projects.