What are the steps to be followed in building the Knowledge Management System in hotel.

Sox Shogun Hotel sold 2,000 rooms during the past month at an ADR of $70.00. During this month, the ADR is increased by $7.00 and the total number of rooms sold is 1,900. What is the price elasticity of demand? What is the effect of the decrease in the #of rooms to the total room revenue for the Sox Shogun Hotel during this month?

Group of answer choices

$5,600 decrease

$6,300 increase

$6,300 decrease

$5,600 increase

Think about a population proportion that you may be interested in and propose a hypothesis test problem for this parameter. Gather appropriate data and post your problem. Include the null and alternative hypothesis, alpha value, p-value, and a conclusion. Make sure that you use appropriate terminology, specify whether you are using the classical method or the p-value method, and fully explain your solution.

I went to a local dog park and counted the number of dogs entering the park around from 5-7 a Friday evening. While there I counted 50 dogs, out of the 50 there were 19 small dogs that arrived at the park that evening. assume a random sample. test this at a 0.25 significance level.

H0: is that there is no statistical significance

H1: there is a statistical significance and it is over 0.05

The results of a survey comparing the costs of staying one night in a full-service hotel (including food, beverages, and telephone calls, but not taxes or gratuities) for several major cities are given in the following table. Do the data suggest that there is a significant difference among the average costs of one night in a full-service hotel for the five major cities? Maximum Hotel Costs per Night ($) New York Los Angeles Atlanta Houston Phoenix 289 196 184 292 262 345 214 242 296 262 348 216 333 337 305 277 192 298 257 258 266 262 195 217 199 Step 1 of 2 : Find the value of the test statistic to test for a difference between cities. Round your answer to two decimal places, if necessary.

Park Corporation is planning to issue bonds with a face value of $650,000 and a coupon rate of 7.5 percent. The bonds mature in 8 years and pay interest semiannually every June 30 and December 31. All of the bonds were sold on January 1 of this year. Park uses the effective-interest amortization method and also uses a discount account. Assume an annual market rate of interest of 8.5 percent. (FV of $1, PV of $1, FVA of $1, and PVA of $1) (Use the appropriate factor(s) from the tables provided. Round your final answer to whole dollars.)   2. Prepare the journal entry to record the interest payment on June 30 of this year. 3. What bond payable amount will Park report on its June 30 balance sheet?

You may need to use the appropriate technology to answer this question.

Tourism is extremely important to the economy of Florida. Hotel occupancy is an often-reported measure of visitor volume and visitor activity (Orlando Sentinel). Hotel occupancy data for February in two consecutive years are as follows.

(b)

What is the estimated proportion of hotel rooms occupied each year?

current previous

(c)

Calculate the test statistic. (Round your answer to two decimal places.)

What is the p-value? (Round your answer to four decimal places.)

p-value =

(d)

What is the 95% confidence interval estimate of the change in occupancy for the one-year period? (Round your answers to four decimal places.)

to

It is said that Bed & Breakfast (B&Bs) can contribute to a more ‘authentic’ travel experience for tourists rather than hotel chains. It also provides mutual benefits for both the visitor and the operator. While licensing can be a concern, the HKTB’s hotel rating system being used is also considered not applicable to rate the ‘quality’ of B&Bs for several reasons. If the HKTB’s hotel rating system is applied to rate the B&Bs in Hong Kong, explain how it will disadvantage or advantage the grading of a B&B based on the FIVE key indicators being used in this stage.

A combination of quantitative indicators:

1. Facilities (F&B, IT, Business and Health Related)

2. Location

3. Staff to Room ratio

4. Average Achieved Room Rate

5. Business Mix   

It is said that Bed & Breakfast (B&Bs) can contribute to a more ‘authentic’ travel experience for tourists rather than hotel chains. It also provides mutual benefits for both the visitor and the operator. While licensing can be a concern, the HKTB’s hotel rating system being used is also considered not applicable to rate the ‘quality’ of B&Bs for several reasons. If the HKTB’s hotel rating system is applied to rate the B&Bs in Hong Kong, explain how it will disadvantage or advantage the grading of a B&B based on the FIVE key indicators being used in this stage.

A combination of quantitative indicators:

1. Facilities (F&B, IT, Business and Health Related)

2. Location

3. Staff to Room ratio

4. Average Achieved Room Rate

5. Business Mix

2. Demand for hotel rooms in Tallahassee takes two possible values: on game days, demand is described by the demand curve q = 100−p, while on non-game-days demand is described by the demand curve q = 60 − 2p.

(a) Suppose that the hotel price on game days is ph = 80. What quantity is demanded at this price?

(b) Find the inverse demand curve on non-game-days. Assuming that the price on game days is ph = 80 as above, what price would induce the same quantity demanded on non-game-days as on game days?

(c) Plot the demand curves on game days and on non-game-days. Pay careful attention to the price and quantity intercepts for both curves.

(d) Assuming the price on non-game-days is as you found in (ii), what is consumer surplus in this market on non-game-days? What is consumer surplus on game days?

(e) Suppose that you encounter the following claim: “Because the hotel price is higher on game days than on non-game-days, consumer surplus in the hotel market must be lower on game days.” What is wrong with this claim?