1. A statistician is interested in the gross earnings of several of her favorite bands. She took a random sample of 30 of the Rolling Stones’ North American concerts, and found that the gross earnings averaged $2.27 million with a standard deviation of $0.5 million. One source suggests that the average gross earnings per concert for every stadium performance in North America is $2.11 million. Do the Rolling Stones earn more on average? Test at a 5% level of significance
2. A survey was conducted about the cost for a family of four to visit an amusement park for one day. A sample of 32 families yielded an average cost of $190.28 with a standard deviation of $51.75. Last year, a magazine published that the average cost for a family of four to visit an amusement park was $175. Based on the sample data above, can we conclude that the mean cost is actually higher than this at α=.05
3. According to a large local high school, senior students have a mean GPA of 3.07. A random sample of 38 seniors taking AP courses showed a mean GPA of 3.29 with a standard deviation of 0.42. At the 1% level of significance, can it be stated that seniors taking AP courses have a different GPA than the senior class as a whole?
In: Statistics and Probability
a large hotel chain, has been using activity-based costing to determine the cost of a night's stay at their hotels.
One of the activities, "Inspection," occurs after a customer has checked out of a hotel room.
Fitzgerald
inspects every
10th
room and has been using "number of rooms inspected" as the cost driver for inspection costs. A significant component of inspection costs is the cost of the supplies used in each inspection.
Dawn
McAdams,
the chief inspector, is wondering whether inspection labor-hours might be a better cost driver for inspection costs.
Dawn
gathers information for weekly inspection costs, rooms inspected, and inspection labor-hours as follows:
|
Week |
Rooms Inspected |
Inspection Labor-Hours |
Inspection Costs |
|---|---|---|---|
|
Week 1 |
260 |
85 |
$1,800 |
|
Week 2 |
328 |
129 |
2,560 |
|
Week 3 |
341 |
101 |
2,310 |
|
Week 4 |
437 |
142 |
2,850 |
|
Week 5 |
200 |
67 |
1,460 |
|
Week 6 |
245 |
80 |
1,750 |
|
Week 7 |
258 |
127 |
1,780 |
|
Week 8 |
331 |
146 |
2,260 |
Dawn
runs regressions on each of the possible cost drivers and estimates these cost functions:
Inspection
Costs=$246.60
+
($6.17
x Number of rooms inspected)
Inspection
Costs=$787.71
+
($11.94
x Inspection labor-hours)
|
1. |
Explain why rooms inspected and inspection labor-hours are plausible cost drivers of inspection costs. |
|
2. |
Plot the data and regression line for rooms inspected and inspection costs. Plot the data and regression line for inspection labor-hours and inspection costs. Which cost driver of inspection costs would you choose? Explain. |
|
3. |
Dawn expects inspectors to inspect306 rooms and work for124 hours next week. Using the cost driver you chose in requirement 2, what amount of inspection costs shouldDawn budget? Explain any implications ofDawn choosing the cost driver you did not choose in requirement 2 to budget inspection costs. |
In: Accounting
A random sample of ten households in College Park revealed they generated a mean of 10.91 pounds of garbage per week with a standard deviation of 4.736 pounds. Construct the 80% confidence interval to estimate the mean amount of garbage all College Park households generate per week
In: Statistics and Probability
Describe the two procedural differences in getting a bar charge to the front-office folio if:
In: Operations Management
Explain the attraction of gaming entertainment to the destination of a tourist.
How are hotel operations in a gaming entertainment business different from hotel operations in a nongaming environment?
List the duties of CVBs.
Describe the main types of meeting setups.
Please explain these questions within 300 words in total.
In: Operations Management
Jameson’s hotel group prepares published accounts on a quarterly basis. The senior management is reviewing the performance of one of the hotels in the group and making plans for 2018/19. They have in front of them the results for 2017/18 (based on actual results for the first two quarters and forecasts to the end of the year).
Quarter Sales Profit/(loss)
1 400,000 (280,000)
2 1,200,000 360,000
3 1,600,000 680,000
4 800,000 40,000
The total estimated number of visitors (guest nights) for 2017/18 is 50,000. The results follow a regular pattern, with no unexpected cost fluctuations beyond the seasonal trading pattern. Management intend to add to their plans for 2018/19 an anticipated increase in unit variable costs of 10% and a profit target for the hotel of $1 million.
Required: (a) Determine the total variable and total fixed costs
of the hotel for 2017/18, by using both a PV chart and by
calculation. (b) i. If there is no increase in visitors for
2018/19, what will be the required revenue rate per hotel visitor
to meet the profit target? ii. If the required revenue rate per
visitor is not raised above the 2018/19 level, how many visitors
are required to meet the profit target? (c) Outline and briefly
discuss the assumptions underlying the accountants’ typical PV or
break-even analysis and assess whether they limit its
usefulness.
Note: In order to achieve full marks for this question it is
essential that you fully explain what you are doing, why you are
doing it and the steps involved in providing a final solution.
Ensure your answer is not just a set of calculations as 25% of the
marks for this question are set aside for your explanation.
In: Accounting
One of the longest debates in accounting history is the issue of deferred taxes. The controversy began in the 1940s and has continued, even after the FASB issued Statement of Financial Accounting Standards No.109 [FASB ASC 740: Income Taxes] in 1992. At issue is the appropriate treatment of tax consequences of economic events that occur in years other than that of the events themselves.
Required:
1. Distinguish between temporary differences and permanent differences. Provide an example of each.
2. Distinguish between intraperiod tax allocation and interperiod tax allocation (deferred tax accounting) Provide an example of each.
3. How are deferred tax assets and deferred tax liabilities classified and reported in the financial statements?
In: Accounting
A new aerated sewage lagoon is required in a small town in 2020. In 2015, one was built on a similar site in a nearby city for $3 million.The new lagoon is 75% larger, and its power sizing exponent is 0.90. The cost index for 2015 is 180, whereas the one in 2020 is 400. Estimate the cost of new lagoon in 2020.
In: Economics
In: Economics
Project Outcomes:
Develop a python program that uses:
decision constructs
looping constructs
basic operations on an list of objects (find, change, access all
elements)
more than one class and has multiple objects
Project Requirements:
1. Develop a simple Hotel program. We will have two classes, a
Hotel class
representing an individual hotel and a Room class. The Hotel class
will contain several
Room objects and will have several operations. We will also have a
driver program to test
the Hotel class.
2. Build a Hotel class that will store information about a Hotel.
It will include a name and
location. It should also include a list of class Room to hold
information about each
room. It will also have a int called occupiedCnt that keeps track
of how many rooms in
the hotel are occupied.
Specific Requirements for the Hotel Class:
1. The Hotel class has two constructors
1. __init__ function, will read in the hotel name and location from
hard-coded
values in the tester class, such as Beach Marriot Pensacola, it
will also assign
numOfRooms to zero. numOfRooms indicates how many rooms
are in the hotel.
It will create a 10 element array.
2. The Hotel will have an addRoom method that will create each
room with the required
information: room number, bed type, smoking/non-smoking, and the
room rate. Create at
least 5 rooms with different characteristics. Each room will also
have a boolean field
called occupied attribute that will be set to false when the room
is created. Don't forget
to increment the numOfRooms instance variable. Example
values for the rooms are:
101 queen s 100
102 king n 110
103 king n 88
104 twin s 100
105 queen n 99
3. The UML class diagram for the Hotel class will look like
this:
Hotel
theRooms: Array Room[]
name: String
location: String
occupiedCnt: int
numOfRooms: int
def __init(self)__(String,String)
def isFull(self) : boolean
def isEmpty(self) : boolean
def addRoom(self ,roomnumber,bedtype,smoking,price)
def addReservation(self,occupantName ,smoking,
bedtype)
def cancelReservation(self,occupantName)
def findReservation(self,occupantName):
def printReservationList(self)
def getDailySales(self) :
def occupancyPercentage(self) :
Setters and getters methods for name and location.
4. isFull() – returns a boolean that is true if all the rooms in
the hotel are occupied.
5. isEmpty() – returns a boolean that is true if all the rooms in
the hotel are unoccupied.
6. The addReservation() method takes three parameters: the
occupant’s name
(String), smoking or non-smoking request (char), and the requested
bed type (String).
When this method is called, the hotel will search the list of its
rooms for one that matches
the bed type and smoking/non-smoking attributes. If an unoccupied
room with the correct
attributes is found, the renter's name will be set and the
occupied attribute will be set
to true. In either case a message will be printed that will state
whether or not the
reservation was made.
7. When the cancelReservation() method executes, the hotel will
search for the
name of the visitor in each room. If it is found, the occupied
attribute will be set to false.
In either case a message will state whether or not the reservation
was cancelled. This
method calls the private utility method findReservation()to scan
the list of rooms
looking for a guest by name. It will return the index of the room
in the Array of rooms
or NOT_FOUND if the room is not found, which will be declared
as:
NOT_FOUND = -1;
8. findReservation() will take in a String representing the
occupant’s name and
search the occupied rooms for a reservation with that person’s
name. It will return the
index of the room or NOT_FOUND if not found.
9. printReservationList() will scan through all the rooms and
display all details
for only those rooms that are occupied. For example:
Room Number: 102
Occupant name: Pinto
Smoking room: n
Bed Type: king
Rate: 110.0
Room Number: 103
Occupant name: Wilson
Smoking room: n
Bed Type: king
Rate: 88.0
10. getDailySales() will scan the room list, adding up the dollar
amounts of the room
rates of all occupied rooms only.
11. occupancyPercentage() will divide occupiedCnt by the total
number of rooms to
provide an occupancy percentage.
12. __str__ – returns a nicely formatted string giving hotel and
room details (by calling
the __str__ in the Room class) for all the rooms in the hotel. For
example:
Hotel Name : Beach Marriot
Number of Rooms : 5
Number of Occupied Rooms : 1
Room Details are:
Room Number: 101
Occupant name: Not Occupied
Smoking room: s
Bed Type: queen
Rate: 100.0
Room Number: 102
Occupant name: Coffey
Smoking room: n
Bed Type: king
Rate: 110.0
Room Number: 103
Occupant name: Wilson
Smoking room: n
Bed Type: king
Rate: 88.0
Room Number: 104
Occupant name: Not Occupied
Smoking room: s
Bed Type: twin
Rate: 100.0
Room Number: 105
Occupant name: Not Occupied
Smoking room: n
Bed Type: queen
Rate: 99.0
13. The Room class diagram will look like this:
Room
roomNum: int
bedType: String
rate: double
occupantName: String
smoking: char
occupied: boolean
def __init__(int,String,char,double)
def getBedType(): String
def getSmoking():
char
def getRoomNum(): int
def getRoomRate(): double
def getOccupant(): String
def setOccupied(boolean)
def setOccupant(String)
def setRoomNum(int)
def setBedType(String)
def setRate(double)
def setSmoking(char)
def isOccupied(): boolean
1. The __init__() for a Room takes an int (room number), String
(bed type), char (s or n for
smoking or non-smoking)), and a double (room rate).
2. isOccupied() method returns true if the room is occupied, false
otherwise.
3. __str__() provides all the details of a room - room number,
name of guest(if
occupied) , bed type, smoking/non-smoking, rental rate. This should
all be formatted
nicely with one attribute on each line using the
'\n' escape character. See example above.
4. Several accessor and mutator methods for the Room class.
# Use list to store the room details.
You have to store required data in the list/database. You can store
hotel name, address, and
all rooms. Customer data in database tables.
In: Computer Science