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 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 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
In: Operations Management
| 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).
Test Statistic:
p-value:
[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 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.
| 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 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 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 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 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