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?
In: Statistics and Probability
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
Answer briefly with short paragraphs, phrases, or
exhibits.
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
In: Operations Management
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
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
In: Statistics and Probability
Please Answer 1-3 for me
1. Solve the system of linear equations using the Gauss-Jordan elimination method.
| 2x1 | − | x2 | + | 3x3 | = | −16 |
| x1 | − | 2x2 | + | x3 | = | −5 |
| x1 | − | 5x2 | + | 2x3 | = | −11 |
(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.
| front orchestra | |
| rear orchestra | |
| front balcony |
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?
| Boston | days |
| New York | days |
| Philadelphia | days |
| Washington | days |
In: Advanced Math
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?
In: Operations Management
| quantity of broomsticks | fixed cost | variable cost | total cost | average fixed cost | average variable cost | average total cost | marginal cost | marginal product |
| 0 | ||||||||
| 10 | $13 | $38 | ||||||
| 22 | $28 | |||||||
| 32 | $70 | |||||||
| 41 | $64 | |||||||
| 50 | $110 | |||||||
| 59 | $108 | |||||||
| 65 | $133 | |||||||
| 70 | $185 |
how do I fill in the blanks?
as well as graph the three average cost curves and the marginal cost curve.
In: Economics
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
In: Finance
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.
|
Scenario |
Price Discrimination |
||
|---|---|---|---|
|
Yes |
No |
||
| Most restaurants will supply a free dessert if it is the customer's birthday. Assume that this is not specifically advertised by restaurants. | |||
| Last-minute “rush” tickets can be purchased for most Broadway theater shows at a discounted price. They are typically distributed via lottery or on a first-come, first-served basis a few hours before the show. Assume that the theater in question does not hold seats in reserve for this purpose, but rather offers rush tickets only for seats not sold before the day of the performance. | |||
In: Economics
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?
In: Operations Management
CASE STUDY /big 4 Consultants has been appointed by a leading group in hotel industry to prepare feasibility report for opening a five-star hotel in Ras al Khaima. The group had been most successful one in the hotel industry and had always kept its eyes open for new opportunities.
In view of the very fast industrial growth in the city of Ras al Khaima, the city had attracted the attention of the group. It is historically known as Julfar, is one of the seven emirates that make up the United Arab Emirates (UAE). Its name could be taken to mean "headland of the small huts", which can be attributed to the indigenous buildings that existed along the coast. The Emirate is in the northern part of the UAE, bordering Oman’s exclave of Musandum. RAK, apart from being a developing city, has added advantage of pleasant weather and several places of tourist attraction in the neighborhood. Moreover, the closeness to Dubai and Abudhabi, a city of international stature, has made it very easily accessible to international tourists.
For this Consultancy, this was the first time in this area that an assignment concerning hotel industry had been received. They, however, soon realized that the assignment was not as simple as it appeared to be in the first place. The feasibility of such a hotel would depend essentially on two factors. Businessman visiting the city for work would constitute one segment of the market, while tourists would constitute the other. Further, the tourists could be from UAE or foreigners. The success of such a hotel would also depend upon the relative attraction of other tourist centres in the vicinity. Further, it was necessary to estimate fluctuations in demand for hotel accommodation so that attractive discounts could be offered during the off-season for business conferences, executive developmental programmes, etc.
The consultants realized that they would have to undertake a market research on a national scale to assess the tourist potential of the city. They would also have to survey the foreign tourists to estimate one of the most important segments of the market. They wondered whether such a survey will have to extend over a period of one full year to completely take into account the seasonal variations in tourists’ traffic. Moreover, they were undecided about the manner in which survey should be conducted. The company also feared that in absence of an accurate definition of the problem, they may land up surveying the complete tourist market in UAE rather than studying feasibility of a hotel in RAK.
Thus, the problem appeared well defined and that they were concerned as the preliminary report explaining methodology of the research and the questionnaires to be used to be submitted to the client along with the estimate of expenses within one month.
QUESTIONS
1. Apply your ideas in defining the problem of assessing feasibility of hotel in RAK so as
to help designing the survey.
2. It is important to plan a survey for collecting information on expected demand for
hotel space. Illustrate.
3. Being the coordinator of this research at Big 4 Consultants, explain various steps you
would suggest to your research team in preparing the report to the Hotel management.
In: Math