Scenario: A local park is being converted into a COVID-19 testing site.

Describe the internal and external stakeholders, and their importance.

The Hotel has two operating departments. Rooms and F&B. 70% of the hotel's total revenue is earned from room sales and 30% of the total revenue is earned from F&B sales.

Rooms department's contribution margin ratio is 60% and F&B department's contribution margin ratio is 50%. If the fixed cost of the hotel is $400,000, and the management is targeting a before -tax profit of $150,000, what is the required sales revenue? (Rounded to whole numbers)

A.$964,912

B.$795,230

C.$1,234,502

D.$701,754

Problem 1

The

King Hotel

has 400 rooms. Each room rents for $62 per day and has a variable cost of $12 per day.

The hotel’s monthly fixed costs are $450,000.

(Assume that each month has 30 days.)

Required:

1.

Compute the breakeven point in rooms

rented.

2.

Compute the daily occupancy percentage that the hotel must have in order to break even.

3.

Compute the total number of rooms that must be paid for and occupied

per month

to earn a profit of

$100,000?

Let x be a random variable that represents the weights in kilograms (kg) of healthy adult female deer (does) in December in a national park. Then x has a distribution that is approximately normal with mean μ = 52.0 kg and standard deviation σ = 9.0 kg. Suppose a doe that weighs less than 43 kg is considered undernourished.
(a) What is the probability that a single doe captured (weighed and released) at random in December is undernourished? (Round your answer to four decimal places.)

(b) If the park has about 2850 does, what number do you expect to be undernourished in December? (Round your answer to the nearest whole number.)

(c) To estimate the health of the December doe population, park rangers use the rule that the average weight of n = 80 does should be more than 49 kg. If the average weight is less than 49 kg, it is thought that the entire population of does might be undernourished. What is the probability that the average weight x for a random sample of 80 does is less than 49 kg (assuming a healthy population)? (Round your answer to four decimal places.)

(d) Compute the probability that

x < 53.1 kg for 80 does (assume a healthy population). (Round your answer to four decimal places.)

Suppose park rangers captured, weighed, and released 80 does in December, and the average weight was

x= 53.1 kg. Do you think the doe population is undernourished or not? Explain.

Consider the following regression model. Weekend is whether or not the visit was on a weekend. Distance is how far the guests have to travel to get to the amusement park. Rides and Games are the number of rides and games, respectively. Clean is a cleanliness score from 1-10. Num.Child is the number of children with the guest. Wait is the average wait time for the rides.

Multiple R-squared: 0.8632,

Adjusted R-squared: 0.8787

F-statistic: 151.6 on 7 and 492 DF, p-value: .00000000022

Coeffiients:

Estimate Std. Error t value Pr(>ItI)

(Intercept) -140.61254 7.15405 -19.655 0.0000016

wekend -0.71573 0.80870 -0.885 0.376572

distance 0.04494 0.01219 3.686 0.000253

rides 0.61361 0.01219 5.072 0.0000059

games 0.13833 0.05872 2.356 0.18882

clean 0.92725 0.13593 6.821 0.000061

num.child 3.61602 0.26980 13.403 0.000025

wait 0.56476 0.04064 13.896 0.000031

a) do you think that this is a good regression model? Why or why not?

b)should all of the input variables in the model be included? If not, which variables should be removed from the model and why?

c) Generate a point estimate for the satisfaction level of an amusement park visit that is on a Friday, to an amusement park that is 63 miles away, that has 20 rides and 15 games. The park has a cleanliness score of 8, and an average wait time for each ride of 10 minutes. The guest has 3 children with them.

Personnel in a luxury hotel readily offer advice and recommendations about services and area activities. Complete each sentence with the correct verb form, either the infinitive, present indicative, or present subjunctive, according to the context.

Firms pursuing a differentiation strategy primarily seek to:

R.A.T.-Create Your Own Water Park Apply your knowledge of polynomial functions to create a water park, with 6 waterslides - one for under 6 years old (highest point at least 5m above ground) two for ages 6 to 12 (highest point at least 10m above ground) three for over age 12 (highest point at least 20 m above ground)

A Create a polynomial equation for each waterslide. Show all of your work. The waterslide must begin at the y axis and the x axis must represent the ground. For each function, write the original function in factored form, then explain the transformations that were performed, in order to obtain the model function.

B. Graph (and print) each function using desmos. State the domain and range of each function.

C. Choose one of your waterslides and determine the interval(s) in which the height of the ride was above 3m. Explain your method.

D. Choose one of the waterslides for ages 12 and up and state the interval (from peak to trough) where the waterslide is steepest. Then determine the average rate of change for that interval (by using the equation). Next, determine the instantaneous rate of change at the point in the interval when the person is moving the quickest. Interpret the meaning of these numbers. Note: the maximum steepness of a ride should not exceed 4:1, rise to run. The waterslide should be decelerating as it comes to a stop.

Concur Technologies, Inc., is a large expense-management company located in Redmond, Washington. The Wall Street Journal asked Concur to examine the data from 8.3 million expense reports to provide insights regarding business travel expenses. Their analysis of the data showed that New York was the most expensive city, with an average daily hotel room rate of $198 and an average amount spent on entertainment, including group meals and tickets for shows, sports, and other events, of $172. In comparison, the U.S. averages for these two categories were $89 for the room rate and $99 for entertainment. The table in the Excel Online file below shows the average daily hotel room rate and the amount spent on entertainment for a random sample of 9 of the 25 most visited U.S. cities (The Wall Street Journal, August 18, 2011). Construct a spreadsheet to answer the following questions.

1. What does the scatter diagram developed in part (a) indicate about the relationship between the two variables?

   The scatter diagram indicates a _________ linear relationship between the hotel room rate and the amount spent on entertainment.

2. Develop the least squares estimated regression equation.

   Entertainment=______+_________ room rate (to 4 decimals)

3. Provide an interpretation for the slope of the estimated regression equation (to 3 decimals).

   The slope of the estimated regression line is approximately . So, for every dollar _________ in the hotel room rate the amount spent on entertainment increases by $.

4. The average room rate in Chicago is $128, considerably higher than the U.S. average. Predict the entertainment expense per day for Chicago (to whole number).

   $