Questions
Which of the following are continuous variables, and which are discrete? (a) speed of an airplane...

Which of the following are continuous variables, and which are discrete? (a) speed of an airplane continuous discrete (b) age of a college professor chosen at random continuous discrete (c) number of books in the college bookstore continuous discrete (d) weight of a football player chosen at random continuous discrete (e) number of lightning strikes in Rocky Mountain National Park on a given day continuous discrete

In: Statistics and Probability

Belongs to Hospitality Law Is it fair that we have to go looking for problems? Do...

Belongs to Hospitality Law

Is it fair that we have to go looking for problems? Do you think doing this helps us limit liability? Sometimes we are held responsible when people do some pretty dumb things. Search online for the craziest case that a hotel or restaurant was held responsible for. Post your examples and the case citations here. Funniest one wins!

In: Nursing

Evolving Technology" Analyze the various technological improvements over the last 100 years and determine which has...

Evolving Technology"

Analyze the various technological improvements over the last 100 years and determine which has been the most significant for both guests and hotel owners. Explain your rationale.

Determine how evolving communications technology (i.e., cell phones and Wi-Fi) has changed guest expectations regarding communications, as well as how the lodging industry should respond.

In: Operations Management

On the internet, find a travel organization (hotel, cruise line, travel agency, large restaurant) that has...

On the internet, find a travel organization (hotel, cruise line, travel agency, large restaurant) that has a separate section for organizational purchase.

How does the organizational site differ from the customer site?
Give at least three examples. (3 pts)
Do you think having a separate organizational and customer site is important? Explain your answer. (2 pts)

In: Operations Management

Country Algeria Argentina Australia Austria Belgium Brazil Burkina Faso Canada China Colombia Denmark Ecuador Ethiopia Finland...

Country
Algeria
Argentina
Australia
Austria
Belgium
Brazil
Burkina Faso
Canada
China
Colombia
Denmark
Ecuador
Ethiopia
Finland
France
Germany
Ghana
Greece
Guatemala
Iceland
India
Ireland
Israel
Italy
Japan
Kenya
Lebanon
Luxembourg
Malta
Mexico
Myanmar
Netherlands
New Zealand
Nicaragua
Norway
Peru
Portugal
Spain
Sweden
Switzerland
Tunisia
Turkey
United Arab Emirates
United Kingdom
United States
Venezuela, RB
Life expectancy
75
76
83
82
81
75
59
82
76
74
81
76
65
81
83
81
62
82
72
83
68
82
82
84
84
62
80
82
82
77
66
82
82
75
82
75
82
83
83
83
75
75
78
82
79
74

In 2016, the World Health Organization estimated that the average life expectancy at birth worldwide was 72 years[1]. (This includes all countries of the world, not just the countries in the sample.)

Complete the steps below to carry out a one-mean hypothesis test to test the claim that the average life expectancy has increased beyond the global average using a 5% significance level.

Let mean = the average life expectancy of a person at birth (globally).

  1. State your Null and Alternative Hypothesis symbolically. (You may need to copy and paste symbols.)
  2. Verify that the conditions of the one-mean hypothesis test are satisfied.

  1. calculate the test statistic and p-value. Round your answer to the nearest thousandth. Insert the results from the hypothesis test from StatCrunch in the space provided.

Test Statistic:

p-value:

  1. Determine if you should Reject null hypothesis or fail to reject the null hypothesis. Use the significance level and your p-value to explain how you made your decision.

  1. Using sentences, write your conclusion using the context of the problem.

[1] Source: World Health Organization.

In: Statistics and Probability

The table shows the 2013 per capita total expenditure on health in 35 countries with the...

The table shows the 2013 per capita total expenditure on health in 35 countries with the highest gross domestic product in that year. Health expenditure per capita is the sum of public and private heath expenditure (in PPP, international $) divided by population. Health expenditures include the provision of health services, family‑planning activities, nutrition activities, and emergency aid designated for health but exclude the provision of water and sanitation.

Per capita total expenditure on health (international dollars)
Country Dollars Country Dollars Country Dollars
Argentina 1725 Indonesia 293 Saudi Arabia 1681
Australia 4191 Iran 1414 South Africa 1121
Austria 4885 Italy 31263126 Spain 2846
Belgium 4526 Japan 37413741 Sweden 4244
Brazil 1454 Korea, South 23982398 Switzerland 6187
Canada 4759 Malaysia 938938 Thailand 658
China 646 Mexico 10611061 Turkey 1053
Colombia 843 Netherlands 56015601 United Arab Emirates 2233
Denmark 4552 Nigeria 207207 United Kingdom 3311
France 4334 Norway 63086308 United States 9146
Germany 4812 Poland 15511551 Venezuala 656
India 215 Russia 15871587

Make a stemplot of the data after rounding to the nearest $100, so that stems are thousands of dollars and leaves are hundreds of dollars. Split the stems, placing leaves 0 to 4 on the first stem and leaves 5 to 9 on the second stem of the same value.

1) Which numbers are the leaves on the first stem associated with $3000?

A) 13

B) 22356889

C) 5689

D) 137

E) 12355789

F) 611

2) Describe the shape, center, and variability of the distribution.

3) Which country is the high outlier?

4) The distribution is _____, with a single high outlier (______ ). There seem to be two clusters of countries. The center of the distribution is about _______spent per capita. The distribution varies from about _________spent per capita to about _______spent per capita.

In: Statistics and Probability

The Ivanhoe Hotel opened for business on May 1, 2022. Here is its trial balance before...

The Ivanhoe Hotel opened for business on May 1, 2022. Here is its trial balance before adjustment on May 31.

IVANHOE HOTEL
Trial Balance
May 31, 2022

Debit

Credit

Cash

$ 2,613

Supplies

2,600

Prepaid Insurance

1,800

Land

15,113

Buildings

70,000

Equipment

16,800

Accounts Payable

$ 4,813

Unearned Rent Revenue

3,300

Mortgage Payable

36,000

Common Stock

60,113

Rent Revenue

9,000

Salaries and Wages Expense

3,000

Utilities Expense

800

Advertising Expense

500

$113,226

$113,226


Other data:

1. Insurance expires at the rate of $360 per month.
2. A count of supplies shows $1,180 of unused supplies on May 31.
3. (a) Annual depreciation is $2,760 on the building.
(b) Annual depreciation is $2,160 on equipment.
4. The mortgage interest rate is 5%. (The mortgage was taken out on May 1.)
5. Unearned rent of $2,670 has been earned.
6. Salaries of $710 are accrued and unpaid at May 31.

Prepare a retained earnings statement for the month of May.

In: Accounting

The Ivanhoe Hotel opened for business on May 1, 2022. Here is its trial balance before...

The Ivanhoe Hotel opened for business on May 1, 2022. Here is its trial balance before adjustment on May 31.

IVANHOE HOTEL
Trial Balance
May 31, 2022

Debit

Credit

Cash

$ 2,613

Supplies

2,600

Prepaid Insurance

1,800

Land

15,113

Buildings

70,000

Equipment

16,800

Accounts Payable

$ 4,813

Unearned Rent Revenue

3,300

Mortgage Payable

36,000

Common Stock

60,113

Rent Revenue

9,000

Salaries and Wages Expense

3,000

Utilities Expense

800

Advertising Expense

500

$113,226

$113,226


Other data:

1. Insurance expires at the rate of $360 per month.
2. A count of supplies shows $1,180 of unused supplies on May 31.
3. (a) Annual depreciation is $2,760 on the building.
(b) Annual depreciation is $2,160 on equipment.
4. The mortgage interest rate is 5%. (The mortgage was taken out on May 1.)
5. Unearned rent of $2,670 has been earned.
6. Salaries of $710 are accrued and unpaid at May 31.

Prepare an adjusted trial balance on May 31.

In: Accounting

A 15-member Board of Directors is organizing for the upcoming year.    2.         They must elect a president,...

A 15-member Board of Directors is organizing for the upcoming year.   

2.         They must elect a president, a vice-president, and a treasurer.  How many different slates of candidates are possible?  

3.         They must choose four members to serve on the finance committee. How many different committees could be formed?

The age and gender breakdown of the Board is

Female

Male

25 – 35 years old

3

2

36 – 45 years old

1

4

Over 46 years old

2

3

If one member is randomly chosen to organize the annual meeting, what is the probability that the person will be

4.         Female

            

5.         A female or a person 25-35 years old

6.         A male between 36 and 45 years old.

The Board has narrowed the options for the annual meeting to the following:

City:  Annapolis or Baltimore

Month:  March or June or September  

Venue: Hotel or College

7.         Draw a tree diagram to show the sample space for all possible choices.  

8.         If one package is chosen at random what is the probability that it is in Annapolis at a hotel?

In: Statistics and Probability

1.Pick the statement that BEST describes the LAW OF DIMINISHING MARGINAL UTILITY. A. An additional lane...

1.Pick the statement that BEST describes the LAW OF DIMINISHING MARGINAL UTILITY.

A.

An additional lane of highway will be LESS useful than the previous lane built

B.

An additional lane of highway will be MORE useful than the previous lane built

C.

An additional lane of highway will have a harmful effect on society

D.

An additional lane of highway will always be worth its cost

2.

SUGAR (and other ingredients) in the making of candy bars is

A.

Variable

B.

Fixed

3.

A gasoline station, very near a professional football stadium, parks cars on its lot to make money on game days. Last year it charged $10.00 per car and parked 700 cars. This year it lowered the parking price to $6.00 and parked 1,000 cars. Is the demand for this parking lot INELASTIC or ELASTIC?

A.

Inelastic

B.

Elastic

4.

Last year, a local amusement park sold 10,000 tickets at $40.00 each. This year, it lowered the ticket price to $30.00 and sold 15,000 tickets. Is the demand for this amusement park INELASTIC or ELASTIC?

A.

Inelastic

B.

Elastic

In: Accounting