Bargain Rental Car offers rental cars in an off-airport location near a major tourist destination in California. Management would like to better understand the variable and fixed portions of its car washing costs. The company operates its own car wash facility in which each rental car that is returned is thoroughly cleaned before being released for rental to another customer. Management believes that the variable portion of its car washing costs relates to the number of rental returns. Accordingly, the following data have been compiled:
| Month | Rental Returns | Car Wash Costs | |||
| January | 2,500 | $ | 12,100 | ||
| February | 2,600 | $ | 13,700 | ||
| March | 2,800 | $ | 12,900 | ||
| April | 3,200 | $ | 15,900 | ||
| May | 3,700 | $ | 17,300 | ||
| June | 5,300 | $ | 25,500 | ||
| July | 5,600 | $ | 23,300 | ||
| August | 5,800 | $ | 24,900 | ||
| September | 4,800 | $ | 23,900 | ||
| October | 5,200 | $ | 24,400 | ||
| November | 2,300 | $ | 11,800 | ||
| December | 3,200 | $ | 18,100 | ||
Using least-squares regression, estimate the variable cost per rental return and the monthly fixed cost incurred to wash cars. (Round Fixed cost to the nearest whole dollar amount and the Variable cost per unit to 2 decimal places.)
In: Accounting
One of the most popular tourist destinations in the US is Las Vegas. Unlike many other destinations in the US, price discrimination is common in Las Vegas, with many businesses regularly offering discounts to local residents for food and drink, entertainment and even hotel rooms. Why do you suppose these local’s discounts are common in Las Vegas but not other US cities? How is this pricing policy similar to the one described for the Buddhist temple in Laos?
In: Economics
Do you think the price elasticity of either supply or demand for airline flights to France (from the U.S.) will increase, decrease, or remain the same for each event? Explain your answer.
Relations between the US and France break down, causing Americans to need an expensive visa to visit.
The price of oil for airlines increases.
The price of baguettes falls.
The French real estate market takes a dive, causing AirBnB and hotel prices to drop significantly.
In: Economics
Cindy moved to Seattle from Portland to work as a software engineer in 2002. Assume she meets the duration test. She incurs moving expenses of: $10,000 for the movers (she could have paid $5,000 for a cheaper moving company); hotel fees of $1,000 on route to Seattle, $100 in meals while on route to Seattle, and closing costs of $3,000 for her new home. All of these fees qualify for the moving expense deduction.True/False and Explain.
In: Accounting
Consider the game of craps designed by Econ 261 Hotel students. The game consists of rolling two fair six-sided dice. You win a dollar if the sum of the dots on the two dice is 2, 3, 4, or 5; if the sum of the dots on the two dice is 9, 10, 11, or 12 you lose a dollar. You win nothing, (that is you get $0) if the sum is 6, 7, or 8. The variance of X, Var(X) is:
In: Statistics and Probability
“Marriott International announced in November 2018 that attackers had stolen data
on approximately 500 million customers. The breach initially occurred on systems
supporting Starwood hotel brands starting in 2014. The attackers remained in the
system after Marriott acquired Starwood in 2016 and were not discovered
until September 2018.”(sourced from a published report)
Referring to the case given, list and explain 2 steps that can help prevent data breach like this.
In: Accounting
Park Acreage A state executive claims that the average number of acres in western Pennsylvania state parks is less than 2000 acres. A random sample of 12 parks is selected, and the number of acres is shown. 2075 2065 2174 1934 2265 1936 2277 1968 2183 2029 1976 2151
a. At = 0.01, is there enough evidence to support the claim? Use the P-value method
b. Find the 99% confidence interval of the true mean.
In: Statistics and Probability
In: Advanced Math
You are given the following information about the stocks in a two-stock portfolio:
|
Stock |
Return |
Portfolio Weight |
Standard Deviation |
|
The Blue Hotel, Inc. |
22% |
45% |
9% |
|
Joys Food, Inc. |
25% |
55% |
11% |
Correlation coefficient between the two stocks is 0.5.
Using the information above, calculate the following:
（All calculations must be shown for intermediate calculations）
In: Finance
Aliens are observing a park in new york. They notice a merry-go-round has a radius of 3.12m and a moment of inertia of 3100kgm^2 at the vertical axis through the center. The contraption has been lubricated recently so there is no friction. one of the earthlings applies a tangential force of 19N for 13s begging at rest. Unfortunaley after gathering this data the aliens computer broke so now they must calculate the work that was done over the course of the 13s.
In: Physics