Questions
The marketing brochure for a travel agency shows that the standard deviation of hotel room rates...

The marketing brochure for a travel agency shows that the standard deviation of hotel room rates for two cities is the same. Table 7is given the per day room rate in Pak Rs.

CITY 1 PER DAY ROOM RATE (PKR) 12000 12500 15000 14000 17000
CITY 2 PER DAY ROOM RATE (PKR) 13000 14000 18000 11000 15000

Can you reject the agency claim at α=0.05

In: Statistics and Probability

“Marriott International announced in November 2018 that attackers had stolen data on approximately 500 million customers....

“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: Economics

Create a list and rank the following products/services using intangibility. The list will rank tangible goods...

Create a list and rank the following products/services using intangibility. The list will rank tangible goods at the top and totally intangible services at the bottom. Briefly explain each category as well.

Products/Services

  • Blue Jeans
  • Car
  • Dental Examination
  • Meal at a Nice Restaurant
  • Golf Lessons
  • Haircut
  • Hotel Room
  • Houseplant
  • Ice Cream Cone
  • Jewelry
  • Laundry Detergent
  • "Lean Cuisine" Dinner
  • Running Shoes
  • TV Repair
  • Vacation Package

In: Operations Management

Exercise 5A-2 Least-Squares Regression [LO5-11]

Exercise 5A-2 Least-Squares Regression [LO5-11]

 

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 it 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 2,400   $ 11,000  
February 2,500   $ 13,100  
March 2,700   $ 11,800  
April 3,000   $ 14,300  
May 3,600   $ 16,200  
June 5,000   $ 23,300  
July 5,500   $ 22,200  
August 5,500   $ 22,200  
September 4,700   $ 22,800  
October 4,000   $ 21,100  
November 2,200   $ 10,700  
December 2,800   $ 14,200  

 

Exercise 5A-2 Part 2

2. 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.)

Fixed Cost Per Month    ?
Variable Cost Per Rental Return    ?

In: Accounting

Bargain Rental Car offers rental cars in an off-airport location near a major tourist destination in...

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 $ 11,500
February 2,500 $ 13,400
March 2,800 $ 12,300
April 3,100 $ 15,000
May 3,700 $ 16,700
June 5,100 $ 24,300
July 5,600 $ 22,700
August 5,600 $ 23,400
September 4,800 $ 23,300
October 4,100 $ 22,600
November 2,200 $ 11,200
December 3,000 $ 16,000

Exercise 5A-2 Part 2 (Algo)

2. 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.)

Fixed cost per month
Variable cost per rental return

In: Accounting

Bargain Rental Car offers rental cars in an off-airport location near a major tourist destination in...

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 it 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 2. Using least-squares regression, estimate the variable cost per rental return and the monthly fixed cost incurred to wash cars. What is the R2 rounded to the nearest whole percentage? (Round Fixed cost to the nearest whole dollar amount and the Variable cost per unit to 2 decimal places.) fixed cost per month= variable cost per rental return= r-square=

In: Accounting

A survey conducted for the Northwestern National Life Insurance Company revealed that 70% of American workers say job stress caused frequent health problems.

A survey conducted for the Northwestern National Life Insurance Company revealed that 70% of American workers say job stress caused frequent health problems. One in three said they expected to burn out in the job in the near future. Thirty-four percent said they thought seriously about quitting their job last year because of work-place stress. Fifty-three percent said they were required to work more than 40 hours a week very often or somewhat often. a. Suppose a random sample of 10 American workers is selected.What is the probability that more than seven of them say job stress caused frequent health problems? What is the expected number of workers who say job stress caused frequent health problems? b. Suppose a random sample of 15 American workers is selected. What is the expected number of these sampled workers who say they will burn out in the near future? What is the probability that none of the workers say they will burn out in the near future? c. Suppose a sample of seven workers is selected randomly. What is the probability that all seven say they are asked very often or somewhat often to work more than 40 hours a week? If this outcome actually happened, what might you conclude?

In: Statistics and Probability

Use starUML to solve the problems.THX Problem Create a domain model for this system. Virtual Safari...

Use starUML to solve the problems.THX

Problem

Create a domain model for this system.

Virtual Safari is an augmented reality game similar to Pokémon Go.

A virtual jungle is populated by several kinds of agents: hunters (equipped with a smart phone containing a GPS device), monster factories, and ammo factories.

Agents have locations. These locations correspond to actual locations on a Google Map.

As a hunter moves, his location is updated. All nearby factories are displayed.

If a hunter is very near an ammo factory, he may request and receive 10 bullets (per hour) or he may purchase any number of bullets. (When this happens the hunter's account is debited.)

If a hunter is very near a monster factory, the factory waits a random time interval, spawns a monster, and then displays it to all very near hunters.

A monster has a type. The type of the monster tells the monster's name (e.g., Charmander, Squirle, Metapod) and integer value. The bigger the value, the harder it is to kill that type of monster.

Elite factories produce high-value types of monsters. They are rare and produce monsters infrequently.

A hunter can shoot a bullet at a monster. If enough bullets hit the monster, the monster is killed and added to the hunter's trophy room. The hunter's status is the sum of the values of all monsters in his trophy room.

In: Computer Science

The Crane Hotel opened for business on May 1, 2022. Here is its trial balance before...

The Crane Hotel opened for business on May 1, 2022. Here is its trial balance before adjustment on May 31.

CRANE HOTEL
Trial Balance
May 31, 2022

Debit

Credit

Cash

$ 2,403

Supplies

2,600

Prepaid Insurance

1,800

Land

14,903

Buildings

70,000

Equipment

16,800

Accounts Payable

$ 4,603

Unearned Rent Revenue

3,300

Mortgage Payable

36,000

Common Stock

59,903

Rent Revenue

9,000

Salaries and Wages Expense

3,000

Utilities Expense

800

Advertising Expense

500

$112,806

$112,806


Other data:

1. Insurance expires at the rate of $450 per month.
2. A count of supplies shows $1,160 of unused supplies on May 31.
3. (a) Annual depreciation is $3,480 on the building.
(b) Annual depreciation is $2,880 on equipment.
4. The mortgage interest rate is 6%. (The mortgage was taken out on May 1.)
5. Unearned rent of $2,580 has been earned.
6.

Salaries of $760 are accrued and unpaid at May 31.

Prepare a ledger using T-accounts. Enter the trial balance amounts and post the adjusting entries. (Post entries in the order of journal entries presented in the previous question.)

In: Accounting

1) A new cream that advertises that it can reduce wrinkles and improve skin was subject...

1) A new cream that advertises that it can reduce wrinkles and improve skin was subject to a recent study. A sample of 63women over the age of 50 used the new cream for 6 months. Of those 63women, 36 of them reported skin improvement(as judged by a dermatologist). Is this evidence that the cream will improve the skin of more than 60% of women over the age of 50? Test using ?=0.01

(a) Test statistic: ?=

(b) Critical Value: ?∗=

2) A survey of 1325 people who took trips revealed that 140 of them included a visit to a theme park. Based on those survery results, a management consultant claims that less than 12% of trips include a theme park visit. Test this claim using the ?=0.01 significance level.

The test statistic is ?

The critical value is?

3) A new cream that advertises that it can reduce wrinkles and improve skin was subject to a recent study. A sample of 54 women over the age of 50 used the new cream for 6 months. Of those 54 women, 32 of them reported skin improvement(as judged by a dermatologist). Is this evidence that the cream will improve the skin of more than 60% of women over the age of 50? Test using ?=0.05

test statistics ?=

rejection region ?>

In: Statistics and Probability