What are similarities. and differences. between running a club versus running a hotel?

1) Suppose you have the following information. 12% of all drivers do not have a valid driver’s license, 6% of all drivers have no insurance, and 4% have neither (i.e., do not have driver’s license and do not have insurance). The probability that a randomly selected driver either fails to have a valid license or fails to have insurance is about

(a) 0.18

(b) 0.2

(c) 0.22

(d) 0.072

(e) 0.14

3) Given that events A and B are mutually exclusive, i.e., A?B = ? and P(A?B) =0, and that P(A)=0.7 and P(B)=0.2, find P(A or B).

(a) 0.14

(b) 0.9

(c) 0.5

(d) 0.76

(e)1.04

4). A coin is flipped and a six-diced die is rolled. What is the probability that the coin lands heads and the die shows four or more? (Hint: define A to be the event ‘coin lands heads’ and B to be the event ‘die shows four or more’. A and B are independent events, since the coin flip has nothing to do with the coin toss. The probability that both events will occur is the product of the two individual probabilities.)

(a) 0.5

(b) 1

(c) 0.25

(d) 0.75

(e) none of the above

5). A single fair die is rolled. Let events A={2,4}, and B={1,2,5}. Event A is independent with event B. True or False?

6). A single fair die is rolled. What if event A stays the same, i.e., A={2,4} but B={2,4,5}. Event A is independent with event B. True or False?

7). A card is selected at random from a well-shuffled ordinary deck consisting of 13 spades, 13 clubs, 13 hearts, and 13 diamonds. 4 Jacks, 4 Queens, and 4 Kings are ‘face’ cards. The probability that the card is a heart or is a face card is about

(a) 0.23

(b) 0.42

(c) 0.19

(d) 0.48

(e) 0.25

October 1993 Marriott Corporation announced
plans to divide its operations into two separate
businesses (spin off of hotel mgt’ business)

– Marriott International: manage Marriott’s hotel chain and receive most of the revenue

– Host Marriott: own all the company’s real estate and be responsible for servicing essentially all of the old company’s $3 billion of debt

What will happen to Marriott’s stock price and
bond price after this announcement?

You are considering a hotel purchase. The current purchase price is $ 3,000,000. The bank is willing to finance 70% of the purchase price for 20 years in quarterly installments at 8% per annum mortgage nominal rate. What is the balloon payment you will have to pay, if you want to resell the hotel after 10 years? Consider a fully amortizing fixed rate mortgage.

a)      $ 0

b)      $ 1,445,395

c)       $ 1,669,270

d)      $ 1,981,333

At year-end (December 31), Chan Company estimates its bad debts as 0.40% of its annual credit sales of $879,000. Chan records its Bad Debts Expense for that estimate. On the following February 1, Chan decides that the $440 account of P. Park is uncollectible and writes it off as a bad debt. On June 5, Park unexpectedly pays the amount previously written off. Prepare the journal entries for these transactions.

Given each scenario do the following:

(1) identify the appropriate graph you would use to assist you in finding out the information

(2) state whether the data are qualitative or quantitative

(3) If qualitative-identify as ordinal or nominal, if quantitative—identify as ratio or interval

SCENARIOS:

a) A poll of 200 undergraduates was taken. The respondents were asked to list all the modes of transportation used going from their home to campus.

b) Is the correlation between daily outside temperature and amount of natural gas used for heating positive or negative?

c) We want to understand the Indiana yearly harvest (in tons) of soybeans between 1985 and 2015.

d) We want to see if there is a relationship between the weight of a passenger vehicle and fuel efficiency (measured as miles per gallon).

e) We want to understand the distribution of yearly household incomes in Tippecanoe County for 2012.

f) We want to understand distribution the cholesterol level of 100 males aged 20-30

g) What is the percentage of Indiana vehicles that are small passenger cars, large passenger cars, trucks, SUVs, and other types?

Given each scenario do the following:

(1) identify the appropriate graph you would use to assist you in finding out the information

(2) state whether the data are qualitative or quantitative

(3) If qualitative-identify as ordinal or nominal, if quantitative—identify as ratio or interval

SCENARIOS:

a) A poll of 200 undergraduates was taken. The respondents were asked to list all the modes of transportation used going from their home to campus.

b) Is the correlation between daily outside temperature and amount of natural gas used for heating positive or negative?

c) We want to understand the Indiana yearly harvest (in tons) of soybeans between 1985 and 2015.

d) We want to see if there is a relationship between the weight of a passenger vehicle and fuel efficiency (measured as miles per gallon).

e) We want to understand the distribution of yearly household incomes in Tippecanoe County for 2012.

f) We want to understand distribution the cholesterol level of 100 males aged 20-30

g) What is the percentage of Indiana vehicles that are small passenger cars, large passenger cars, trucks, SUVs, and other types?

A highway department is studying the relationship between traffic flow and speed. The following model has been hypothesized.

y=B0+B1x+e

where

y= traffic flow in vehicles per hour

x= Vehicle speed in miles per hours

The following data were collected during rush hour for six highways leading out of the city.

a. Develop an estimated regression equation for the data.

The regression equation is:

y=________+_______x (to 2 decimals)

b. Use a=.02 to test for a significant relationship.

Analysis of Variance

p-value is - Select your answer -more/less than a , so the linear relationship - Select your answer -is not is significant.

We are interested in exploring the relationship between the weight of a vehicle and its fuel efficiency (gasoline mileage). The data in the table show the weights, in pounds, and fuel efficiency, measured in miles per gallon, for a sample of 12 vehicles.

e.) What percent of the variation in fuel efficiency is explained by the variation in the weight of the vehicles, using the regression line? (Round your answer to the nearest whole number.)

g.) For the vehicle that weighs 3000 pounds, find the residual (y − ŷ). (Round your answer to two decimal places.)

i.) Remove the outlier from the sample data. Find the new correlation coefficient and coefficient of determination. (Round your answers to two decimal places.)

Find the new best fit line. (Round your answers to four decimal places.)
ŷ =

A patient that is 80 years old fell and fractured his hip. He lives by himself and his daughter lives 60 miles away from him and doesn't visit him often to help. During his care in the hospital, he was told not to do any activities like adduct his hip or internally or externally rotate his leg. he can not flex his hip more than 90 degrees. Yesterday he was found leaning over to tie his shoe during a physical therapy session. It seems like he needs multiple cueing to avoid the actions that put his hip at risk. We are reinforming these things repeatedly and the nurses said that he is communicating well but he is just not getting it. The interprofessional collaboration team wants to find a rehab facility close to where his daughter lives so she can visit more and reinforce what he needs to be doing and said that he is not fit to go home by himself.

What actions should the interprofessional team take to advocate effectively for this client?