Exercise 12.7 Rivalry and excludability

For each of the following goods or bads, decide whether they are rival and whether they are excludable, and explain your answer. If you think the answer depends on factors not specified here, explain how.

A free public lecture held at a university lecture theatre

Noise produced by aircraft around an international airport

A public park

A forest used by local people to collect firewood

Seats in a theatre to watch a musical

Bicycles available to the public to hire to travel around a city

Many hotel chains that offer free Wi-Fi service to their customers have experienced issues regarding demand for Internet bandwidth and costs. Marriott International would like to test the hypothesis that the proportion of customers that are carrying two Wi-Fi devices is equal to 0.40. A random sample of 200 Marriott customers found that 82 have two Wi-Fi devices. Marriott International would like to set the level of significance equal to 0.05.

Determine the level of significance

Determine the rejection region

Q. In how many ways can seven businessmen attending a convention be assigned to one triple and two double hotel rooms?

Q. On a Friday morning, the pro shop of a tennis club has 10 identical cans of tennis balls. If they are all sold by Sunday night and we are interested only in how many were sold on each day, in how many different ways could the cans of tennis balls has been sold on Friday, Saturday, and Sunday?

Section D: Pay for Performance and Financial Incentives
Assume that you are applying for a job as Front-Office Manager in the
InterContinental Hotels Group and are at the point of negotiating salary and
incentives.
D-1. List five specific behaviors that you think hotels should use to incentivize for
hotel managers vs housekeepers?
D-2. Describe the incentives package you would try to negotiate for yourself. Make
sure to include long-term and short-term incentives and describe the advantages and
disadvantages of both. (15marks)

A survey found that​ women's heights are normally distributed with mean 66.3in. and standard deviation 3.4in. The survey also found that​ men's heights are normally distributed with mean 69.3in. and standard deviation3.5 in. Most of the live characters employed at an amusement park have height requirements of a minimum of 56 in. and a maximum of 64 in. A) The percentage of men who meet the height requirement is? B) If the height requirements are changed to exclude only the tallest 50% and the Shortest 5% of men what are the new height requirements? (min and max).

Evolution

You work for a forestry department. Your colleague asks your opinion of a proposal to use artificial selection to breed a population of lodgepole pines that are resistant to the mountain pine beetle. They have managed to clone a large number of seedling lodgepole pines all from a single parent. They want to take those clones that are most resistant to the mountain pine beetle and breed those together and then use this next generation to replant in a national park. Will this proposal work? Briefly justify your answer

1. Some car designers at Honda think that the present design of Honda civic is too sporty and that if the new design is more family-friendly, it will sell much more than the current model. Some others in the same design committee disagree. You are the head of sales and design. Describe how you would use a technique you learned in MIS to predict the sales of the new design if it is changed to be family-friendly.
2. What would you do to increase “customer intimacy” at Mandarin Hotel.

How hot does it get in Death Valley? The following data are taken from a study conducted by the National Park System, of which Death Valley is a unit. The ground temperatures (°F) were taken from May to November in the vicinity of Furnace Creek. Compute the mean, median, and mode for these ground temperatures. (Enter your answers to one decimal place.) 144 152 167 176 187 182 183 187 182 167 182 164 152 142

The guns per share 72 inc a developer of radiology equipment has stock outstanding as follows 80000 shares of cumulative preferred 3% stock $20 park and 405000 shares of $25 par common during its 1st 4 years of operations the following amounts were distributed as dividends 1st year $33000 2nd years $76000 3rd year $90000 for theor $100000 determine the dividends per share on each class of stock for each of the 4 years

A hotel chain wants to estimate the average number of rooms rented daily in each month. The population of rooms rented daily is assumed to be normally distributed for each month with a standard deviation of 24 rooms.
During January, a sample of 16 days has a sample mean of 48 rooms. This information is used to calculate an interval estimate for the population mean to be from 40 to 56 rooms. What is the level of confidence of this interval? Report the level of confidence as a percentage and use 2 decimal places.