• The following information is for Winter Break Hotel. Given the information, questions from #14 to #16.
o Average room selling price: $65
o Average variable cost per room: $17
o Annual total fixed costs: $450,000
o Sales goal (= Net Income) of the hotel this year: $5,000,000
o Number of rooms available per day: 400 rooms
o This hotel is open 365 days a year.

What is the occupancy percentage required to reach the sales goal? (Round to the second decimal place.)

A. 23.43%

B. 9.46%

C. 23.65%

D. 77.77%

For every $1 of sales, how much can this hotel use to pay on fixed costs or to generate profits?

A. $2.82

B. $.82

C. $.26

D. $.74

If this hotel experiences an increase in its fixed cost by $35,000 this year, how many additional rooms must be sold to absorb this increase? (Round up to the nearest whole number.)

A. 730 rooms

B. 21,722 rooms

C. 727 rooms

D. 11,667 rooms

Hubbart approach

The Pimlico Hotel is a 200-room hotel and it is projected to cost $15 million including land, building, equipment, and furniture and working capital. The hotel is financed with a $10 million loan at 8% interest rate. The owner’s investment in the property is $5 million. The owners desire a 16% return on investment. The hotel projects 80% occupancy rate and it will be open 365 days a year. The income tax rate is 40%. Room’s department direct expenses

are $10 per room sold.

The following are the fixed and undistributed expenses.

Depreciation expense $300,000

Amortization expense 100,000

Rent Expense 130,000

Administration and general 300,000

Marketing 200,000

Utility costs 200,000

Property Operations and Maintenance 120,000

Insurance 50,000

Property taxes 200,000

Other operated departments’ Income/losses

Food 150,000

Beverage 50,000

Telephone (50,000)

Additional information

Double occupancy 40%

Rate difference (spread) between double and single is $10.

Using the information above find the ADR and determine double rate and single rate for the Pimlico Hotel.

Fun City has decided to build a new municipal water park with pools, water slides, and so forth. You have been hired to conduct a study to determine if the water park can pass the test. A nearby and very similar city currently has a water park similar to the one Fun City is considering. The nearby city currently charges $10 for admission and, on a typical day, attracts 4,000 persons. Last year, it charged $15, but only attracted 3,000 paying customers.

1. Assuming that the demand curve for water parks is linear, estimate the net benefits received by those using the Fun City water park, if Fun City charges an admission price of $12.50. [NOTE: You need not compute the actual amount; just use a graph and clearly indicate the area that represents the net benefit amount.]

2. By how much, and in what direction, would the net benefits received by those using the water park change if Fun City charges a $15.00 admission price, rather than $12.50? [NOTE: This time compute the actual dollar value.]

IN JAVA

Write a program that calculates the occupancy rate for each floor of a hotel. (Use a sentinel value and please point out the sentinel in bold.) The program should start by asking for the number of floors in the hotel. A loop should then iterate once for each floor. During each iteration, the loop should ask the user for the number of rooms on the floor and the number of them that are occupied. After all the iterations, the program should display the number of rooms the hotel has, the number of them that are occupied, the number that are vacant, and the occupancy rate for the hotel. Input Validation: Do not accept a value less than 1 for the number of floors. Do not accept a number less than 10 for the number of rooms on a floor.

SAMPLE OUTPUT:

Enter number of floors:
2
Enter total rooms at floor 1:
10
Enter total rooms occupied at floor1:
5
Enter total rooms at floor 2:
10
Enter total rooms occupied at floor2:
5
Total rooms: 20
Total occupied rooms: 20
Hotel occupany: 50.0

(a) Suppose that a random sample of 387 television ads in the United Kingdom reveals that 131 of these ads use humor. Find a point estimate of and a 95 percent confidence interval for the proportion of all U.K. television ads that use humor. (Round your answers to 3 decimal places.)   

(b) Suppose a random sample of 493 television ads in the United States reveals that 134 of these ads use humor. Find a point estimate of and a 95 percent confidence interval for the proportion of all U.S. television ads that use humor. (Round your answers to 3 decimal places.)

1. Determine whether the variable is qualitative or quantitative. State of residenceState of residence

2. Determine whether the variable is qualitative or quantitative. Eye colorEye color

3.Determine the level of measurement of the variable. Birth order among siblings in a familyBirth order among siblings in a family

4.A polling organization contacts 15701570 adult women who are 30 to 70 years of ageadult women who are 30 to 70 years of age andand live in the United Stateslive in the United States and asks whether or not they had received areceived anbsp mammogram nbsp mammogram during the past yearduring the past year. What is the population in the​ study? What is the sample in the​ study?

This is an 8 Part Question. If you guys want to count it as 8 question on my chegg account please do so. I know it is long I just dont understand it

The countries of Europe report that 46% of the labor force is female. The United Nations wonders if the percentage of females in the labor force is the same in the United States. Representatives from the United States Department of Labor plan to check a random sample of over 10,000 employment records on file to estimate a percentage of females in the United States labor force.

a) They select a random sample of 525 employment records and find that 229 of the people are females. Check the required conditions to construct a confidence interval.

b) Create a 90% confidence interval.

c) Interpret the confidence interval in this context.

d) Explain what 90% confidence means in this context.

e) Should the representatives from the Department of Labor conclude that the percentage of females in their labor force is lower than Europe’s rate of 46%? Explain.

Insurance companies track life expectancy information to assist in determining the cost of life insurance policies. The insurance company knows that, last year, the life expectancy of its policyholders was 77 years. They want to know if their clients this year have a longer life expectancy, on average, so the company randomly samples some of the recently paid policies to see if the mean life expectancy of policyholders has increased. The insurance company will only change their premium structure if there is evidence that people who buy their policies are living longer than before.

f) To begin to answer this question, we will use a confidence interval. Find and interpret a 95% confidence interval for the mean life expectancy of these policyholders. Make sure to check the conditions required for this interval.

g) Using your confidence interval, what can you conclude the average life expectancy? Do we have evidence that it is increasing?

h) Your work on #1 depends on a sampling distribution model. Describe the center, shape, and spread of this model.

Even though most corporate bonds in the United States make coupon payments semiannually, bonds issued elsewhere often have annual coupon payments. Suppose a German company issues a bond with a par value of €1,000, 9 years to maturity, and a coupon rate of 6 percent paid annually. If the yield to maturity is 10 percent, what is the current price of the bond?