The opera theater manager believes that 11% of the opera tickets for tonight's show have been sold.
If the manager is right, what is the probability that the proportion of tickets sold in a sample of 792 tickets would be greater than 14%? Round your answer to four decimal places.
In: Statistics and Probability
Address how your hotel/resort will impact the surrounding community in the areas of energy and water use as well as waste-trash and sewerage. The project will identify how the property, its’ activities and guests will impact the surrounding environment, depending on the nature of your recreational activities. This hotel is located in Islamorada, FL (Florida keys)
In: Civil Engineering
Describe the hotel industry, primarily focusing on Hilton, Marriott, and Hyatt. What is its vision or strategy—what constitutes ‘success’ for this organization? Who are the key parties, stakeholders, or power- holders relevant to the problem you are writing about? Describe anything else about the hotel industry's history or culture that seems relevant.
In: Operations Management
Address how your hotel/resort will impact the surrounding community in the areas of energy and water use as well as waste-trash and sewage. The project will identify how the property, its’ activities and guests will impact the surrounding environment, depending on the nature of your recreational activities. This hotel is located in Islamorada, FL (Florida keys)
In: Operations Management
| 5. | At your local family fun center, miniature golf is $12 per person for unlimited rounds in a day, while each go-kart session is $8. If you played 3 rounds of miniature golf and rode the go-karts 3 times, what was the marginal cost of the3rd round of miniature golf? What was the marginal cost of the3rd go-kart session? | ||||||||
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| 6. | How can a country producing more capital goods rather than consumption goods end up in the future with a PPF that is larger than a country that produces more consumption goods and fewer capital goods? | ||||||||
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| 7. | The issue of climate change has risen to the forefront of economic discussion, especially among industrialized countries such as the United States and those in Europe. Critics, however, argue that greater environmental regulations restrict economic growth. How might relatively wealthy countries react differently to this tradeoff compared to poor countries? | ||||||||
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| 8. | According to By the Numbers, in which period did corn and soybean production increase more in terms of yield per acre? | ||||||||
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| 9. | The economy can grow as a result of all of the following EXCEPT: | ||||||||
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| 10. | In which of the following questions will technology play the greatest role? | ||||||||
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| 11. | In relation to the Production Possibilities Frontier (PPF), which of the following demonstrates unemployment? | ||||||||
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| 12. | According to By the Numbers, during the period between 1997 and 2014, in how many years did the U.S. trade balance improve from the previous year and in how many years did the trade balance deteriorate (assume the trade balance deteriorated from 1996 [not shown in the figure] to 1997)? | ||||||||
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| 13. | Why does America use heavy street-cleaning machines driven by one person to clean the streets, while China and India use many people with brooms to do the same job? | ||||||||
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| 14. | At the 2015 White House Science Fair, a $240 million private-public initiative was announced for the purpose of boosting STEM (science, technology, engineering, and math) education, as the United States continues to fall behind other industrialized nations in student achievement in these fields. How would spending on STEM initiatives today, which leads to higher costs in the near term, pay off in future benefits to the economy? | ||||||||
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| 15. | You normally stay at home on Wednesday nights and study. However, next Wednesday night, your best friend is having his big 21st birthday party. You have to make a choice. This is an example of: | ||||||||
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In: Economics
1. What is the relationship between price elasticity of demand and total revenue?
2.You are the manager of a theater. At present the theater charges the same admission price of $8 to all customers, regardless of age. You propose a two-tier pricing scheme: $5 for children under the age of 12 and $10 for adults. You tell your supervisor that your proposal is likely to increase revenue. What must be true about the price elasticity of demand if your proposal is to achieve its goal of raising revenue? Explain your answer.
3. If pilots and flight attendants agree to wage and benefit reductions in the wake of the financial difficulties in the airline industry, what impact would this have on the supply and demand in the market for airline service, assuming no other changes take place in this market?
Use your own words to explain， thank you.
In: Economics
In an article in the Journal of Advertising, Weinberger and Spotts compare the use of humor in television ads in the United States and in the United Kingdom. Suppose that independent random samples of television ads are taken in the two countries. A random sample of 400 television ads in the United Kingdom reveals that 146 use humor, while a random sample of 500 television ads in the United States reveals that 124 use humor.
(b) Test the hypotheses you set up in part a by using critical values and by setting α equal to .10, .05, .01, and .001. How much evidence is there that the proportions of U.K. and U.S. ads using humor are different? (Round the proportion values to 3 decimal places. Round your answer to 2 decimal places.)
| z |
(c) Set up the hypotheses needed to attempt to establish that the difference between the proportions of U.K. and U.S. ads using humor is more than .05 (five percentage points). Test these hypotheses by using a p-value and by setting α equal to .10, .05, .01, and .001. How much evidence is there that the difference between the proportions exceeds .05? (Round the proportion values to 3 decimal places. Round your z value to 2 decimal places and p-value to 4 decimal places.)
| z | |
| p-value |
(d) Calculate a 95 percent confidence interval for the difference between the proportion of U.K. ads using humor and the proportion of U.S. ads using humor. Interpret this interval. Can we be 95 percent confident that the proportion of U.K. ads using humor is greater than the proportion of U.S. ads using humor? (Round the proportion values to 3 decimal places. Round your answers to 4 decimal places.)
95% of confidence interval [ ___ , ____ ]
In: Statistics and Probability
EXERCISE 6-2. [LO 2] Mansard Hotels has five luxury hotels located in Boston, New York, Chicago, San Francisco, and Los Angeles. For internal reporting purposes, each hotel has an income statement showing its revenue and direct expenses. Additionally, the company allocates to each hotel a share of general administrative and advertising costs (e.g., salary of the company president, salary of the company CFO, hotel chain advertising, etc.) based on relative revenue.
a. Write a paragraph explaining why the allocation of general administrative and advertising costs to the specific hotels is potentially useful or potentially harmful.
In: Accounting
Margaret Moore is the only owner of Carla Vista Park, a public
camping ground near the Lake Mead National Recreation Area.
Margaret has compiled the following financial information as of
December 31, 2022.
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Service revenues during 2022 |
$246,000 |
Fair value of equipment |
$168,000 | |||
|---|---|---|---|---|---|---|
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Accounts payable |
13,200 |
Notes payable |
72,000 | |||
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Cash on hand |
27,600 |
Expenses during 2022 |
180,000 | |||
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Original cost of equipment |
126,600 |
Accounts receivable |
21,000 |
(a)
Determine Margaret Moore’s net income from Carla Vista Park for
2022.
(b)
Prepare a balance sheet for Carla Vista Park as of December 31,
2022.
In: Accounting
A survey found that women's heights are normally distributed with mean 62.4 in. and standard deviation 2.1 in. The survey also found that men's heights are normally distributed with mean 67.3 in. and standard deviation 3.1 in. Most of the live characters employed at an amusement park have height requirements of a minimum of 56 in. and a maximum of 63 in.
1.Find the percentage of men meeting the height requirement. What does the result suggest about the genders of the people who are employed as characters at the amusement park?
2.Find the percentage of women meeting the height requirement. What does the result suggest about the genders of the people who are employed as characters at the amusement park?
In: Math