The average daily attendance of a small amusement park is 4,219 people. In order to increase the average daily attendance, the park owners decided to lower the price for admissions. For the first 25 days after the highly publicized price reduction the average daily attendance was 4,537. You can assume that the population standard deviation is 674. Assume that these 25 days can be considered a random sample of the days to come and that daily attendance follows a normal distribution.

a.) Test at the 5% level of significance whether the price reduction was effective. Explain your approach (including your hypotheses and test statistic) and conclusion.

b.) How and why would your answer in Part 1 change if the significance level had been 1%? Explain using 1 or 2 sentences.

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A traveler wanted to know if the prices of hotels are different in the ten cities that he visits the most often. The list of the cities with the corresponding hotel prices for his two favorite hotel chains is in the table below. Test at the 1% level of significance.

What is the p-value? Round answer to four decimal places (i.e. 0.1234)? Answer

What is your decision? Answerreject the null hypothesisaccept the null hypothesisfail to reject the null hypothesis

• Given the information below, answer the question.

Sunshine Hotel needs new laundry equipment. There are two alternatives, either buy or lease the equipment. The hotel owner is asking your recommendation to pay less for the equipment.

Prepare a five-year cost schedule for each alternative (Include only relevant costs).  

What is the cost if the owner buys or leases the equipment?

A. Buy: $ 28,500; Lease: $15,000

B. Buy: $ 27,000; Lease: $30,000

C. Buy: $ 27,500; Lease: $30,000

D. Buy: $ 25,100; Lease: $18,000

1. Hotel has submitted an income statement for the end of the month that shows a net profit of $10,000. You will need to show that income statement based on the following given information. Food revenue and room’s revenue are the only two forms of revenue and food revenue is exactly the same as room revenue. Direct operating expenses for food is 50% of food revenue and direct operating expenses for rooms is 35% of room’s revenue. Marketing expenses are 20% of Total revenue, rent is 7%, A&G is 6%, Utilities are 8% Depreciation is 5%, Interest is 5% and Net Profit is 5%. Please put together a common-size income Statement using the correct format for the Hotel and make sure that you calculate the correct taxes (the only other additional expenses on the income statement) .

A food services manager for a baseball park wants to know if there is a relationship between gender (male or female) and the preferred condiment on a hot dog. The following table summarizes the results. Test the hypothesis with a significance level of 10%.

Henrietta, the owner of a very successful hotel chain in the Southeast, is exploring the possibility of expanding the chain into a city in the Northeast. She incurs $56,500 of expenses associated with this investigation. Based on the regulatory environment for hotels in the city, she decides not to expand. During the year, she also investigates opening a restaurant that will be part of a national restaurant chain. Her expenses for this are $54,800. She proceeds with opening the restaurant, and it begins operations on May 1.

Determine the amount that Henrietta can deduct in the current year for investigating these two businesses.

In your computations, round the per-month amount to the nearest dollar and use rounded amount in subsequent computations.

a. The deductible amount of investigation expenses related to expansion of her hotel chain into another city:

b. The deductible amount of investigation expenses related to opening a restaurant:

A survey found that​ women's heights are normally distributed with mean 62.2 in. and standard deviation 2.2 in. The survey also found that​ men's heights are normally distributed with mean 67.3 in. and standard deviation 3.3 in. Most of the live characters employed at an amusement park have height requirements of a minimum of 57 in. and a maximum of 63 in. Complete parts​ (a) and​ (b) below.

a. 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?

The percentage of men who meet the height requirement is ___

(Round to two decimal places if needed)

b. If the height requirement are changed to exclude only the tallest 50% of men and the shortest 5% of men, what are the new height requirements?

The new height requirements are a minimum of ___ in. and a maximum of ___ in.

(Round to two decimal places if needed)

Henrietta, the owner of a very successful hotel chain in the Southeast, is exploring the possibility of expanding the chain into a city in the Northeast. She incurs $35,500 of expenses associated with this investigation. Based on the regulatory environment for hotels in the city, she decides not to expand. During the year, she also investigates opening a restaurant that will be part of a national restaurant chain. Her expenses for this are $53,800. She proceeds with opening the restaurant, and it begins operations on May 1.

Determine the amount that Henrietta can deduct in the current year for investigating these two businesses.

In your computations, round the per-month amount to the nearest dollar and use rounded amount in subsequent computations.

a. The deductible amount of investigation expenses related to expansion of her hotel chain into another city: $?

b. The deductible amount of investigation expenses related to opening a restaurant: $?