Self-check-in and self-check-out saves guests time and can be very appealing to them, however, some hotels believe that guests prefer to interact with hotel staff during their registration and departure. Discuss your position on this matter and how your perspective may change depending on the type of hotel or type of guest involved.

This is for a hotel project. The first phase is a restaurant and the 2nd phase is the hotel. It will be located on a small island in the Caribbean in the United States Virgin Islands.

1. Vision statement
2. Mission statement
   1. Product line or services provided
   2. Philosophy of the business
3. The business and its environment
   1. General environment characteristics
   2. Industry environment and competition
   3. Location description
4. Distinctive competencies

1. The Zumber National Rent Report lists the average monthly apartment rent in various locations in the United States. According to their report, the average cost of renting a one-bedroom apartment in Houston is $1,090. Suppose that the standard deviation of the cost of renting a one-bedroom apartment in Houston is $96 and that such apartment rents in Houston are normally distributed. If a one-bedroom apartment in Houston is randomly selected, what is the probability that the price is: (20 points) (a) More than $1,250? (b) Between $1,050 and $1,200? (c) Between $900 and $1,000? (d) Less than $1,180? Bonus question (e) Below $850 or beyond $1,300? (5 points)

2. Suppose the grade on a Math test is normally distributed with mean 78 and standard deviation 10. (a) Compute the z-scores (5 points) (a-1) If Bob got 70 on the test, what is his z-score? (a-2) If Jane got 90 on the test, what is her z-score? (b) Compute the actual grades (5 points) (b-1) Suppose David achieved a grade 1.8 standard deviation above the mean (? = 1.8), what was his actual grade? (b-2) Suppose Lily achieved a grade 0.5 standard deviation below the mean (? = −0.5), what was her actual grade? (c) Rob achieved a grade that exceeded 95% of all grades. Find Rob’s actual grade. (6 points) (d) Suppose 32% of students did better than Mei. Find Mei’s actual grade. (6 points)

3. According to the U.S. Department of Agriculture, Alabama egg farmers produce millions of eggs every year. Suppose egg production per year in Alabama is normally distributed, with a standard deviation of 83 million eggs. (a) If during only 3% of the years Alabama egg farmers produce more than 2,655 million eggs, what is the mean egg production by Alabama farmers? (6 points) (b) Given the mean egg production in (a), what is the probability that Alabama egg farmers produces less than 1,500 million eggs? (5 points) (c) Given the mean egg production in (a), what is the probability that Alabama egg farmers produces eggs between 2,000 and 2,500 million eggs? (5 points)

4. Suppose the speeds of people driving from Dallas to Houston normally distributed, with a mean average speed of 92 miles per hour. (a) If the probability that the speed is more than 108 mph is 0.8%, what is the standard deviation? (6 points) (b) Given the standard deviation in (a), what is the probability that a person drove less than 85 miles per hour? (5 points) (c) If Ben drove at a speed that exceeds 85% of all other people. What was her speed? (6 points)

5. According to the U.S. Census Bureau, 20% of the workers in Atlanta use public transportation. Suppose 25 Atlanta workers are randomly selected. (Hint: use sampling distribution) (a) What is the standard deviation of the sample proportion of the selected workers who use public transportation? (5 points) (a) What is the probability that the proportion of the selected workers who use public transportation is less than 32%? (5 points) (b) What is the probability that the proportion of the selected workers who use public transportation is greater than 48%? (5 points)

6. Gross weights of 8-ounce boxes of cereal are normally distributed with mean 9.60 ounces and standard deviation 0.80 ounces. Boxes are packaged 24 per carton. Find the probability of randomly selected 24 boxes having average weight between 9.5 and 10 ounces. (Hint: use sampling distribution) (10 points)

The following time series shows the sales of a particular product over the past 12 months.

(a)

Construct a time series plot.

(b)

Use α = 0.3 to compute the exponential smoothing forecasts for the time series. (Round your answers to two decimal places.)

(c)

Use a smoothing constant of α = 0.5 to compute the exponential smoothing forecasts. (Round your answers to two decimal places.)

Does a smoothing constant of 0.3 or 0.5 appear to provide more accurate forecasts based on MSE?

A smoothing constant of 0.5 is better than a smoothing constant of 0.3 since the MSE is greater for 0.5 than for 0.3.

A smoothing constant of 0.3 is better than a smoothing constant of 0.5 since the MSE is greater for 0.3 than for 0.5.

A smoothing constant of 0.3 is better than a smoothing constant of 0.5 since the MSE is less for 0.3 than for 0.5.

A smoothing constant of 0.5 is better than a smoothing constant of 0.3 since the MSE is less for 0.5 than for 0.3.

A regional express delivery service company recently conducted a study to investigate the relationship between the cost of shipping a package ($), the package weight (in pound) and the distance shipped (in miles). Twenty packages were randomly selected from among the large number received for shipment, and a detailed analysis of the shipping cost was conducted for each package. The data for this sample observations are given in the file Assignment 4 S1 2020.XLS.

a. Estimate a simple linear regression model involving shipping cost and package weight. Interpret the slope coefficient of the least squares line as well as the computed value of ? 2 . [4 marks]

b. Add another explanatory variable–distance shipped–to the regression model in part a. Estimate and interpret this expanded model. How does the ? 2value for this multiple regression model compare to that of the simple regression model estimated in part a? [5 marks]

c. Use the F test to determine the overall significance of the regression relationship for the expanded model. What is the conclusion at the 0.01 level of significance? [4 marks]

d. Use the t test to determine the significance of each independent variable. What is the conclusion for each test at the 0.01 level of significance? [4 marks]

Data

Which Relative Risk (RR) and confidence interval (CI) is most likely to be a causal relationship?

A) RR= 3.0 (95% CI 1.9-7.9)

B) RR= 3.0 (95% CI 0.3-12.2)

C) RR= 1.0 (95% CI 0.3-12.2)

D) RR= 1.0 (95% CI 0.3-4.3)

Consider the assumptions that framed the analysis. Removing a hotel from the secondary competition and add it to the primary competition. What effect does taking out a Hotel from secondary competition has on the overall analysis? On Demand Base , changes in overall penetrations, changes in the market segment penetrations for the individual hotels, market segment mix for the entire market, and demand.

Park Corporation is planning to issue bonds with a face value of $3,500,000 and a coupon rate of 10 percent. The bonds mature in 10 years and pay interest semiannually every June 30 and December 31. All of the bonds were sold on January 1 of this year. Park uses the effective-interest amortization method and also uses a premium account. Assume an annual market rate of interest of 8.5 percent.

1. Prepare the journal entry to record the issuance of the bonds.

2. Prepare the journal entry to record the interest payment on June 30 of this year.

3. How will Park present its bonds on its June 30 balance sheet?

Hospitality and Tourism Management Subject:

A big business-oriented hotel has 505 rooms. Five of those rooms had an issue with a leaking bathroom. On Tuesday night, 440 rooms were occupied (sold). On Friday night, 240 rooms were occupied (sold).

The hotel's room revenue (sales) for Thursday was $90 200. The room revenue (sales) for Friday was $38 400

- What was the Occupancy percent, the ADR and the RevPar for Thursday and Friday?

- What do the numbers for Occupancy, ADR, and RevPar for the two days tell you - please comment on each number and explain what "conclusions" you would make if you are the general manager of the hotel.

- Which characteristic of the lodging industry is "causing" the different occupancy for Thursday and Friday night? Please explain briefly. What can a hotel manager do to address this issue?

- What are some specific services and amenities this segment (business traveler) would be interested in when staying in the hotel? Please list and explain at least 4.

Financial controller of the Mondavi Hotel has the following information about estimated sales revenue and operating expenses for September, October and November.

The controller knows that cash sales are 30% of total sales and remaining sales are on credit. For the collection of credit sales, 50% are collected in the month of sales while the remaining 50% is collected in the following month. Mondavi Hotel pays 60% of the operating expenses in cash in the month they incur and remaining 40% is paid in the following month. In addition to this information, the controller is informed that:

• In October, Mondavi Hotel will replace the range in the main kitchen, which will cost $14,000 and will be paid in cash immediately.
• Each month, $20,000 will paid to a national bank to reduce an outstanding long-term debt.

Mondavi Hotel uses cash receipts and disbursement method for cash budgets.

Given the information:

If the beginning cash balance for October is $150,000, what would be the ending balance in October?