Assume that population proportion is to be estimated from the sample described. Use the sample results to approximate the margin of error and​ 95% confidence interval.

Sample​ size: n = 560. p-hat = 0.8

(560*0.8 = 448 = # of successes)

Find the​ 95% confidence interval.

The Hotel Arcata faces a risk that it will suffer a fire causing a $ 200 million dollar loss with a probability of 0.02. The owner of the firm, Jackie Johnson, has a utility function of the form U(W) = W ^½, where W is the owner’s wealth. The wealth is measured by the value of the hotel, which is $ 225 million dollars (i.e., W = 225).

A. What is Jackie Johnson’s expected loss?

B. What is Jackie Johnson’s expected utility?

C. What is Jackie Johnson’s risk premium?

7. In a survey of 4000 travelers, 1500 said that location was very important for choosing a hotel and 1200 said that reputation was very important in choosing an airline. a. Construct a 95% confidence interval estimate for the population proportion of travelers who said that location was very important for choosing a hotel.

b. Construct a 95% confidence interval estimate for the population proportion of travelers who said that reputation was very important in choosing an airline.

c. Write a short summary of the information derived from (a) and (b).

Rooter's Cleaning Services provided data concerning the costs incurred to clean hotel rooms for which hotel customers pay $150 per night. Data for the past 7 months are as follows: January February March April May June July Number of rooms cleaned 250 160 200 150 300 170 260 Cleaning cost $6,450 $4,060 $5,100 $4,100 $6,760 $4,200 $6,530 How much are estimated monthly variable costs using the high-low method?

Mr. Ahmed wants to open a small Edu park for children with special needs so that the Edu park will not only provide special education and training for such children but also give some fun related games where such children motor skills and concentration improves.

1Q. Help Mr. Ahmed in setting his overall goals, objectives and strategies for his new business

in context with his mission and goal.

2Q. Suggest him with good decision of marketing concepts for his new business.

Park Co.’s 2018 income statement reported $102,605 in income before provisions for income taxes. To compute the provision for federal income taxes, the following 2018 data are provided:

Installment sales to be collected in future years                    $6,728

Income from exempt municipal bonds                                $16,379

Depreciation deducted for financial reporting purposes        $13,667

Depreciation deducted for income tax purposes          $28,361

If the alternative minimum tax provisions are ignored, what amount should Park report as taxable income?

Nikita is the manager of a local small hotel. Just today Nikita received word that a major convention will be coming to town next month, and the demand for hotel rooms is expected to skyrocket. In a conversation with the owner, she asked, "What should our approach to pricing be for the week of the convention? Should we require payment in full at the time of the reservation?" Which management method is Nikita using?

Multiple Choice

• the synergy method

• scientific management

• the systems viewpoint

• the devil's advocate method

• the contingency viewpoint

Spring_Valley   AU_Park
1375            910
1399            935
1450            1160
1270            800
970             910
1350            1020
925             1020
875             860
1000            850
1120            873
1130            1300
1200            1100
830              795
1300            1220
1220            985
925             1060
885             1040
1560             925
1380            1450
1250            1350
900             1280
900             1160
1150             975
1440             950
930              795

A) Calculate the summary statistics for both Spring Valley and AU Park. Enter the values that you calculate into the table below. Report the values to 2 decimal places.

Summary Statistics:

B) What can you infer about the shape of the distribution of Spring Valley house prices by looking at the summary statistics you calculated in part c.

C) is there a difference in house prices in Spring Valley versus AU Park at α = 0.05.

(i) State the hypothesis that you want to test.

(ii) Record the value of the test statistic and its p-value.

(iii) What do you conclude for the test at α = 0.05?

D) Compute a 95% confidence interval for the difference in the mean house prices between Spring Valley and AU Park. Interpret your interval.

1. The Howell’s decided to build a resort hotel on land owned by Chief Ugundi. For each of the following items, indicate whether the cost should be recorded as Land (L), Land Improvements (LI), Resort Hotel (RH), or Equipment (E) by placing the correct answer in the space provided.

2. Prepare below the journal entry to record the above transactions assuming all costs were paid with Cash the Howell’s brought with them to the island. Please note that all costs listed above should be included in one of the accounts listed below. Just fill in the debit amounts appropriately and check to make sure all debits together equal the amount for Cash.

3. The Skipper and Gilligan spent $200,000 to build a marina in the cove. The marina is expected to have a useful life of 20 years at the end of which it is expected to have a salvage value of $30,000. Show your calculation of depreciation expense per year below.

Prepare below the journal entry to record depreciation expense for Year One using the straight-line method.

Prepare below the journal entry to record depreciation expense for Year Two.

      C. What is the book value of the marina after Year Two? Show your work below.