(a) The daily demand for hotel rooms in Greater Toronto Area (GTA) is given by the equation: QD = 230–35P. The daily supply of hotel rooms GTA is given by the equation: QS = 13+19P. What are the equilibrium price and the quantity of hotel rooms? 6 marks

(b) Suppose the demand for a bushel of Corn in 2000 was given by the equation QD = 2550–166P. At a price of $4.46 per bushel, what is the price elasticity of demand? If the price of Corn falls to $4.27 per bushel, what happens to the revenue generated from the sale of Corn?

A hotel downtown is trying to implement an employee recognition program based on a standardized problem solving test. The company administering the test indicated that the scores are normally distributed with a mean of 82 points, and a variance of 16. The hotel has decided that employees who score in the bottom 7.5% of the test scores will not receive any additional benefits. The manager would like to know:

a. The probability that an employee would score between 70 and 78 points

b. What cutoff score on the test should the hotel use to not give any additional benefits?

The structure of the hotel industry

1- Describe the organizational chart of a 68-room, economy class hotel, franchised under a major chain’s logo, which has no food and beverageservice, not even breakfast.
2- Sketch the floor plan of the same hotel described abov

FORECASTING AVAILABILITY AND OVERBOOKING

A- On October 6, a 300-room property had occupancy of 70%. What is forecasted occupancy for October 7 if:
• 10 rooms are put out-of-order at 9am on October 6
• 150 rooms are on reservation
• Registration information indicates 101 rooms will depart today
• The hotel as an historical 6% cancellation rate
• The hotel as an historical 10% no-show rate

B- Assume that a 200-room hotel sold 50% of its rooms last night. Today, we anticipate that 75 rooms will depart. We hold60 6pm reservations and 90 guaranteed reservations. There are no advance deposits. What is the forecasted number of rooms available for sale
C- Assume that a given property has 300 rooms. After accounting for the day's departures and arrivals, 100 roomsremain unsold. Of these 100 rooms available, 50 rooms cannot be sold because they are out-of-inventory. In this case, theforecasted occupancy percentage would be

note : please expert right the answer on a paper to avoid plagorism paper and download it here . thankyou for your help

this is not a marketing class its front office

A restaurant manger, Coleman, at the Four Seasons Hotel wants to predict/forecast a number of meals to be prepared for the breakfast since the labor costs and cost of good sold are vey high and does not want to create high volume of waste and manage the inventory in a proper way.

He looks through the previous data (2016) to determine the relationship between the number of guest stayed at the hotel and number of meals served from the following data:

Number of guest stayed at the hotel (Guest)      Number of meals (breakfast) served (Meals)

Guest   Meals

23        69

29        95

29        102

35        118

42        126

46        125

50        138

54        178

64        156

66        184

76        176

78        225

1. Run the regression analysis using MegaStat (Excel)
2. Run the Scatter Plot
3. Determine the relationship: Y = A + BX (whether this data is good to RUN/USE for constructing the relationship between

Y = (describe which one is used for Y):

X = (describe/identify which one is used for X):

A = (A refers to ?) and provide a number

B = (B refers to ?) and provide a number

4. Sara wants to prepare the breakfast for tomorrow based on the guests number of 70. Determine how many meals to be prepared for tomorrow?

Please Answer 1-3 for me

1. Solve the system of linear equations using the Gauss-Jordan elimination method.

(x₁, x₂, x₃) = ( )

2. Formulate a system of equations for the situation below and solve.

For the opening night at the Opera House, a total of 1000 tickets were sold. Front orchestra seats cost $90 apiece, rear orchestra seats cost $70 apiece, and front balcony seats cost $50 apiece. The combined number of tickets sold for the front orchestra and rear orchestra exceeded twice the number of front balcony tickets sold by 400. The total receipts for the performance were $70,800. Determine how many tickets of each type were sold.

3.

Formulate a system of equations for the situation below and solve.

Joan and Rick spent 3 weeks (21 nights) touring four cities on the East Coast—Boston, New York, Philadelphia, and Washington. They paid $220, $440, $180, and $200 per day for lodging in each city, respectively, and their total hotel bill came to $6,360. The number of days they spent in New York was the same as the total number of days they spent in Boston and Washington, and the couple spent 3 times as many days in New York as they did in Philadelphia. How many days did Joan and Rick stay in each city?

by deed, the bland family donated 50 acres of land to the city for the use of a park upon condition that the park be used for whites only and if this ever ceased to be the use, the property would revert back to the family. this provision in the deed is a condtion subsequent. True or False?

how do I fill in the blanks?

as well as graph the three average cost curves and the marginal cost curve.

Describe the Theory of Constraints (TOC). How might the TOC be used to explain operating conditions at a business organization you frequently visit. supermarket, theater, children's school, local gasoline service station.,airport, department store, etc0

6. Examples of price discrimination

Complete the following table by indicating whether or not each scenario is an example of price discrimination.

Hint: To determine whether a scenario is an example of price discrimination, think about whether the market can be segmented into two groups that pay different prices for the same good.

Duque Vergere manages a Do or Die Theater complex called Cinema I, II, III, and IV. Each of the four auditoriums plays a different film; the schedule staggers starting times to avoid the large crowds that would occur if all four movies started at the same time. The theater has a single ticket booth and a cashier who can maintain an average service rate of 280 patrons per hour. Service times are assumed to follow an exponential distribution. Arrivals on a normally active day are Poisson distributed and average 210 per hour. To determine the efficiency of the current ticket operation, Duque Vergere wishes to examine several queue-operating characteristics.
e.) What is the probability that there are more than two people in the system? More than three people? More than four?