home / study / math / statistics and probability / statistics and probability questions and answers / a survey found that​ women's heights are normally distributed with mean 62.3 in. and standard ... Your question has been answered Let us know if you got a helpful answer. Rate this answer Question: A survey found that​ women's heights are normally distributed with mean 62.3 in. and standard dev... A survey found that​ women's heights are normally distributed with mean 62.3 in. and standard deviation 2.9 in. The survey also found that​ men's heights are normally distributed with a mean 67.7 in. and standard deviation 2.9. a. Most of the live characters at an amusement park have height requirements with a minimum of 4 ft 8 in. and a maximum of 6 ft 3 in. Find the percentage of women meeting the height requirement. The percentage of women who meet the height requirement is . Find the percentage of men meeting the height requirement. The percentage of men who meet the height requirement is c. If the height requirements are changed to exclude only the tallest 5% of men and the shortest 5% of women, what are the new height requirements? The new height requirements are at least nothing in. and at most nothing in.

Business Law

A new hotel has advertised in the local newspapers that its ballroom is going for a cheap rate for the month of June. Patrick wants to make a booking of the ballroom for a party for his daughter, Mary’s birthday on the 25^th June. The hotel manager does not want to accept his booking. However the hotel manager is prepared to give an alternative room to Patrick at a lower rate. Patrick refuses to accept the alternate room and is threatening to sue the hotel for not abiding by the advertisement in the local newspapers.

Critically evaluate whether there is a contract between the hotel and Patrick. Justify the answers with the evidence from the law of contract.

Crescent City Fun Park (Crescent City), an amusement park with thrilling rides and a water park, sells tickets onsite and has a website that allows customers to purchase tickets in advance and bypass the long lines. Customers who use the website include the general public and travel agents. Both individuals and travel agents can purchase tickets online using a major credit card. Some travel agents prefer the option of using the website to purchase tickets, but rather than pay with a credit card, be billed at the end of each month. To use the billing option, a travel agent must contact a sales agent with Crescent City and complete a detailed application with at least two references. Once an application is complete, the sales manager verifies the information, contacts the references, and either approves or denies the application. If the application is approved, the sales manager decides on a credit limit for the travel agent. Terms of payment for all travel agent customers is 30 days from the invoice date.

The auditor performs tests of controls on the credit-granting process and gathers sufficient appropriate audit evidence to conclude that the process is working effectively. Credit is only granted after a thorough credit check. However, Crescent City has continual problems collecting from the larger travel agents within the 30-day period. Some of the largest travel agents regularly take 90 or more days to pay an invoice. Crescent City allows this late payment habit to continue simply because of the volume of business generated by the large travel agents. Crescent City has 398 travel agents as customers, with 42 of them representing 81% of accounts receivable.

a. Recommend which customers should be selected for further testing and why.

b. Explain when the testing of accounts receivable would take place and why.

Crescent City Fun Park (Crescent City), an amusement park with thrilling rides and a water park, sells tickets onsite and has a website that allows customers to purchase tickets in advance and bypass the long lines. Customers who use the website include the general public and travel agents. Both individuals and travel agents can purchase tickets online using a major credit card. Some travel agents prefer the option of using the website to purchase tickets, but rather than pay with a credit card, be billed at the end of each month. To use the billing option, a travel agent must contact a sales agent with Crescent City and complete a detailed application with at least two references. Once an application is complete, the sales manager verifies the information, contacts the references, and either approves or denies the application. If the application is approved, the sales manager decides on a credit limit for the travel agent. Terms of payment for all travel agent customers is 30 days from the invoice date.

The auditor performs tests of controls on the credit-granting process and gathers sufficient appropriate audit evidence to conclude that the process is working effectively. Credit is only granted after a thorough credit check. However, Crescent City has continual problems collecting from the larger travel agents within the 30-day period. Some of the largest travel agents regularly take 90 or more days to pay an invoice. Crescent City allows this late payment habit to continue simply because of the volume of business generated by the large travel agents. Crescent City has 398 travel agents as customers, with 42 of them representing 81% of accounts receivable.

a. Recommend which customers should be selected for further testing and why.

b. Explain when the testing of accounts receivable would take place and why.

An usher at a movie theater claims no more than half of all movie theater customers buy something at the refreshment stand. To test the claim, the usher observes a random sample of 80 people and finds that 47 of them buy something.

a) What is the Null Hypothesis and the Alternative Hypothesis for the usher's claim?

b) If we use a 0.01 significance level, what is the critical value for the test?

c) Calculate the value of the test statistic.

d) What is your decision about the null hypothesis and your conclusion about usher’s claim?

e) Calculate the p-value for this test.

a) Explain with an illustration why only external pressures are considered when determining the primary (i.e. global) structural action due to wind loads.

b) What range of Cpi would you consider for a residential apartment building?

c) Which exposure classification would apply for the following situations:

a. Wind coming from Lake Ontario for a building located on the waterfront in Toronto.

b. A tourism center located in a national park in Northern Ontario.

c. A structure located on the edge of an urban area with a few homes between it and farmland.

d. A storage unit for a construction company located in a rural community without many trees.

d) What conditions must be satisfied for the equivalent lateral force procedure to apply?

Answer all of this, if not please answer some of it. Thanks

XYZ Corporation produces two products: Construction Equipment and Laboratory Equipment. The total units manufactured for Construction Equipment were 50,000 units, while 400,000 units of Laboratory Equipment were manufactured. The sales price per unit was $650 and $475, for Construction and Laboratory Equipment, respectively. The total direct materials cost per unit was $95 and $75 for Construction and Laboratory Equipment, respectively, while director labor cost per unit was $75 and $55 for Construction and Labor Equipment, respectively. Total overhead costs were $49,500,000. XYZ Corporation decided to use ABC to distribute overhead costs to its products, thus the total overhead cost can be classified in three activities: Setups with a cost of $500,000, Engineering with a total cost of $44,000,000 and Packaging with a total cost of $5,000.000. The activity bases and usage per product is as follows: # of setups for Setup activity, # of machine hours for Engineering activity and # of shipments for the Packaging activity. The Construction Equipment required 400 setups, 300,000 machine hours and 50,000 shipments. The Laboratory Equipment required 100 setups, 300,000 machine hours and 200,000 shipments.

What is the activity rate for the setup up activity? (round to two decimal places, do not include the comma or dollar sign).

What is the activity rate for the engineering activity? (round to two decimal places, do not include commas or dollar sign)

What is the activity rate for the packaging activity? (round to two decimal places, do not include commas or dollar sign)

What is the direct cost per unit for the Construction Equipment? (round to two decimal places, do not include commas or dollar sign)

What is the total direct cost per unit for the Laboratory Equipment? (round to two decimal places, do not include commas or dollar sign)

What is the total overhead cost per unit for the Construction Equipment if ABC is used? (round to two decimal places, do not include commas or dollar sign)

What is the total overhead cost per unit for the Laboratory Equipment if ABC is used?  (round to two decimal places, do not include commas or dollar sign)

What is the total cost per unit for the Construction Equipment if ABC is used? (round to two decimal places, do not include commas or dollar sign

What is the total cost per unit for the Laboratory Equipment if ABC is used? (round to two decimal places, do not include commas or dollar sign)

What is the profit per unit for the Construction Equipment if ABC is used? (round to two decimal places, do not include commas or dollar sign)

What is the profit per unit for the Laboratory Equipment if ABC is used? (round to two decimal places, do not include commas or dollar sign)

When you decide to go and have a dinner with your friends in a world class hotel such as the Langham hotel or Coronado Beach, perhaps you would be horrified by the high price you would have to pay for a bottle of soft drink such as Coca Cola or Pepsi Cola or wine or even bottled water. Perhaps you begin to ponder why the same commodity that you can get at a supermarket at one tenth the hotel price is going for such an astronomical price at the hotel.Of course, such facilities will have a warning such "you are not allowed to bring in your own food or drinks" posted at appropriate places in the facility for the attention of customers.In another scenario, you enter a designer shop to buy clothes with a designer label for a friend on their birthday or on Valentine day and you reckon the clothes are so much expensive compared to similar own brand clothes from a clothing or chain store, even though they may cost a similar amount to produce.

Questions

Using your knowledge in basic economics, especially of the concept of demand and supply, attributes of a competitive market and price elasticity of demand, briefly discuss the following

A. Why may a hotel charge such very high prices for wine, soft drinks or even bottled water and yet quite reasonable prices for food and still get away with such high prices?

B. Why are designer shops able to price their clothes so very expensive and yet still get clients even though similar clothes that are available in a supermarket chain shops cost pretty much less?

When you decide to go and have a dinner with your friends in a world class hotel such as the Langham hotel or Coronado Beach, perhaps you would be horrified by the high price you would have to pay for a bottle of soft drink such as Coca Cola or Pepsi Cola or wine or even bottled water. Perhaps you begin to ponder why the same commodity that you can get at a supermarket at one tenth the hotel price is going for such an astronomical price at the hotel.Of course, such facilities will have a warning such "you are not allowed to bring in your own food or drinks" posted at appropriate places in the facility for the attention of customers.In another scenario, you enter a designer shop to buy clothes with a designer label for a friend on their birthday or on Valentine day and you reckon the clothes are so much expensive compared to similar own brand clothes from a clothing or chain store, even though they may cost a similar amount to produce.

Questions

Using your knowledge
in basic economics, especially
of the concept of demand and supply, attributes of a competitive market and price elasticity of demand, briefly discuss the following

A. Why may a hotel charge such very high prices for wine, soft drinks or even bottled water and yet quite reasonable prices for food and still get away with such high prices?

B. Why are designer shops able to price their clothes so very expensive and yet still get clients even though similar clothes that are available in a supermarket chain shops cost pretty much less?

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