7. In a survey of 4000 travelers, 1500 said that location was very important for choosing a hotel and 1200 said that reputation was very important in choosing an airline. a. Construct a 95% confidence interval estimate for the population proportion of travelers who said that location was very important for choosing a hotel.
b. Construct a 95% confidence interval estimate for the population proportion of travelers who said that reputation was very important in choosing an airline.
c. Write a short summary of the information derived from (a) and (b).
In: Statistics and Probability
In: Statistics and Probability
Mr. Ahmed wants to open a small Edu park for children with special needs so that the Edu park will not only provide special education and training for such children but also give some fun related games where such children motor skills and concentration improves.
1Q. Help Mr. Ahmed in setting his overall goals, objectives and strategies for his new business
in context with his mission and goal.
2Q. Suggest him with good decision of marketing concepts for his new business.
In: Operations Management
Park Co.’s 2018 income statement reported $102,605 in income before provisions for income taxes. To compute the provision for federal income taxes, the following 2018 data are provided:
Installment sales to be collected in future years $6,728
Income from exempt municipal bonds $16,379
Depreciation deducted for financial reporting purposes $13,667
Depreciation deducted for income tax purposes $28,361
If the alternative minimum tax provisions are ignored, what amount should Park report as taxable income?
In: Accounting
Nikita is the manager of a local small hotel. Just today Nikita received word that a major convention will be coming to town next month, and the demand for hotel rooms is expected to skyrocket. In a conversation with the owner, she asked, "What should our approach to pricing be for the week of the convention? Should we require payment in full at the time of the reservation?" Which management method is Nikita using?
Multiple Choice
the synergy method
scientific management
the systems viewpoint
the devil's advocate method
the contingency viewpoint
In: Operations Management
Topic: Air Miles Canada:
AIR MILES is Canada’s largest coalition loyalty program, with more than ten million active Collector accounts and approximately two-thirds of Canadian households participating in the program. Collectors earn reward Miles by shopping with select sponsors, which can be used to redeem free flights, hotel accommodations, car bookings, merchandise, and more. AIR MILES has over 100 sponsors, including American Express, Toys R Us, Amazon, and more.
The Problem of the case,
The existing car and hotel booking experiences are drastically hurting conversion tunnels
Issues with the AIR MILES Travel booking experiences (flight, car, and hotel) is one, if not the greatest, driver of calls to the call centre, with wait times of up to 4 hours during peak seasons for travel. As a result, AIR MILES needed a redesign of the car and hotel booking experience to address the usability issues that are impacting the conversion tunnel and maintain consistency across the platform following the recent redesign of the flight booking experience.
Questions:
How would a data warehouse assist the marketing team at AIR MILES, going forward?
What functions would it perform that would be most useful?
Would a data-mining program be useful to AIR MILES?
Would it be helpful to Sponsors and Suppliers? If so, how? If not, why not?
In: Operations Management
Spring_Valley AU_Park 1375 910 1399 935 1450 1160 1270 800 970 910 1350 1020 925 1020 875 860 1000 850 1120 873 1130 1300 1200 1100 830 795 1300 1220 1220 985 925 1060 885 1040 1560 925 1380 1450 1250 1350 900 1280 900 1160 1150 975 1440 950 930 795
A) Calculate the summary statistics for both Spring Valley and AU Park. Enter the values that you calculate into the table below. Report the values to 2 decimal places.
Summary Statistics:
|
Column |
n |
Mean |
Std.dev. |
Median |
|
Spring Valley |
||||
|
AU Park |
B) What can you infer about the shape of the distribution of Spring Valley house prices by looking at the summary statistics you calculated in part c.
C) is there a difference in house prices in Spring Valley versus AU Park at α = 0.05.
(i) State the hypothesis that you want to test.
(ii) Record the value of the test statistic and its p-value.
(iii) What do you conclude for the test at α = 0.05?
D) Compute a 95% confidence interval for the difference in the mean house prices between Spring Valley and AU Park. Interpret your interval.
In: Math
Honda motor company has four vehicle manufacturing plants in various parts of the country. It is considering producing its own batteries for the vehicles that it builds instead of purchasing them from outside vendors. It could build one centralized location with a cost of $1,500,000 and each battery would cost $100, including shipping. If it builds four battery manufacturing plants near the vehicle manufacturing plants, each battery plant would cost $500,000 each, but the battery cost would be $80. Show your work/Explain for parts a-d.
a. Assuming each plant would produce 5,000 batteries each (so the single centrally located plant would produce all 20,000 batteries), which option would have the lowest costs?
b. If the production of batteries increased to 8,000 batteries per plant (or 32,000 batteries for the one centrally located plant), which option has the lowest costs?
c. What is the break-even point in terms of batteries produced?
d. If currently Ford needs 20,000 batteries but plans on producing more cars in the near future (so it would need more batteries), what should be considered when deciding which plan to follow?
In: Economics
Which Economic Model best describes and analyzes this article?
‘NO EXCESSIVE BARKING’: A Chevy Chase dog park divides the rich
and powerful
A sign that reads “NO EXCESSIVE BARKING’ sits behind Chubbs, right,
and Louie, left, a French bulldog who is the unofficial mayor of
the dog park. (Bill O’Leary/The Washington Post) By Jessica
Contrera August 28, 2019 at 7:00 a.m. EDT Everyone knows there’s a
problem with Chubbs. Dirt is smeared across his face. His tongue is
rolling out of his mouth. He’s surrounded by signs that say “NO
EXCESSIVE BARKING.” But the 5-month-old golden retriever does not
know how to read. At a dog park in one of Maryland’s wealthiest
suburbs, he spends this sunny August morning rolling on his back.
He opens his mouth, and then, he does it. He woofs. Twice.
“CHUBBS!” four humans around him yell, trying to stop him from
doing what dogs do — just not in Chevy Chase Village this summer.
Here in this community of the rich and powerful, where the average
household income is $460,000, barking is the subject of a ferocious
(fur-ocious?) debate — one that has divided the two-legged
one-percenters for nearly a year. The drama began last fall when
the village spent $134,000 to turn a muddy triangle of land into a
park where pups could run off-leash in a fenced refuge. Chase
tennis balls. Sniff one another’s butts. But after about a month,
signs decrying the barking of those dogs began appearing around the
park. The village police started receiving almost daily calls about
the noise, mostly from one particular neighbor whose house backs up
to the park. By spring, the tension had escalated so much that the
Chevy Chase Village Board of Managers called a public hearing. Then
another in June. And another in July.
At the center of it all is Elissa Leonard, chair of the village
board and wife to Jerome H. Powell, who is also a chair — of the
Federal Reserve. In recent months, her husband has been under
attack from President Trump, who appointed him but blames him for
the tanking stock market. “My only question is, who is our bigger
enemy, Jay Powell or Chairman Xi?” the president tweeted Friday.
Leonard, meanwhile, is on the receiving end of a different siege:
from village residents who say their peace and quiet has been
disturbed by barking dogs. “Around dinner time, I’d like to be able
to sit on my deck and maybe read a book and chat with a friend or
have a glass of wine, and the dogs are barking,” Joanie Edwards,
the neighbor who had been calling police, testified at the meeting
in May. “As residents of Chevy Chase, how many times is it
acceptable for you to be bothered in your house every day?” Tom
Bourke, a real estate developer whose house sits across the street
from the park, asked in June. “You’ve created a nuisance.” The park
regulars, he acknowledged, were trying to hush their hounds. He
heard that they were ostracizing the yappiest dogs, including, he
told the board, “a certain standard poodle whose name should be
withheld.” “But there are people,” chimed in Bourke’s wife, Dale,
“and I don’t mean to characterize the District, but I just notice
that they have District plates on their cars, and they have very
little regard for us or our property . . . there are dogs barking
and they’re just not doing anything.” “I hear you,” Leonard said
again and again, with the patience of a dog trainer. She explained
to the residents that no, they could not restrict access just to
dogs from the immediate neighborhood (where the houses for sale
currently range in price from $1.1 million to $22.5 million). The
village purchased this 15,000-square-foot parcel of land in the
1980s, in part, using state money, so it had to remain open to the
public. For years, it had been a favorite spot of local dog owners,
so when the village wanted to update its parks, a dog park just
made sense. Neighbors voiced their support. A unanimous vote
followed. But now the park was somehow both a wild canine circus
sabotaging property values and a beloved gathering space for only
the politest of pooches. Leonard, whose Norwich terrier, Pippa,
does not frequent the park, tried to make both sides happy. To
limit barking in the early hours, the board changed the opening
time from 7 to 8 a.m. To stop outsiders from driving to Chevy Chase
Village and parking on the Bourkes’ street — taking the spots where
the family liked their lawn maintenance service to park — the dog
park was wiped from the village website. To determine the extent of
the barking and the parking, the board paid $1,300 for a woman with
a graduate degree in epidemiology to spend weeks studying the
behavior of the dogs and their humans. During 54 visits, the
researcher witnessed seven dog owners who drove to the park instead
of walking. “One of these people,” she testified in June, “did
allow his dog to relieve himself on the green space next to the
street.” But on the barking, no conclusion was reached. What was
minimal to some was enough for Edwards to call the police,
exasperated that she had to turn on music inside her home so she
didn’t have to hear the dogs. She doesn’t want to be the bad guy,
she said in an interview. But as a retired elementary school
teacher, she now spends her days at home painting. She does
landscapes from her travels and portraits of people, vibrant
creations so popular in her circle that friends and strangers have
also commissioned her
to paint their most beloved companions: their pets. She and her
husband, a lawyer, used to have dogs of their own. Her last, a
black lab named Zoe, died four years ago. “People in the community
keep saying, ‘She should get another dog, if she had a dog, it
would be different,’ ” Edwards said. “Well, first of all, I am a
very considerate person, and if I had a dog, and he was barking in
my back yard, I would bring him in. If my children were in a
restaurant crying, I would take them out.” The fence, she says,
should come down, so the dog park is just a park. At a public
hearing on Sept. 9, Leonard and the board may decide to do just
that. The dog lovers are planning to crowd the hearing, have
organized a letter-writing campaign and started a Facebook group,
Save the Chevy Chase Dog Park, with more than 100 likes. “What are
they going to do next, ban dancing?” asked Pat Murphy, the group’s
moderator. Murphy, who lives in a nearby section of Chevy Chase,
says he literally does “not have a dog in this fight.” He does not
own a dog. He used to take his son’s miniature Australian shepherd
to the park, but his son moved away this summer. Now he sometimes
walks alone to the park, where every morning, the conversation
returns to the handful of complaining neighbors. “They should be
put in jail,” said Doug Gansler, a former Maryland attorney general
and an unsuccessful gubernatorial candidate, while his King Charles
spaniel, Jack, searched for a new dog to hump. “Doug!” scolded
Patty Martin, mother to the park’s unofficial mayor, a French
bulldog named Louie, and wife to the head of gastroenterology at
Washington Hospital Center. She, too, thought the complainers were
being selfish. “Where’s the democratic process?” Martin asked in an
interview last week. “Why is the 1 percent deciding for the 99
percent?” “This is not verified,” she continued, “But we have heard
through reliable sources that this woman has threatened a lawsuit
against the village over the park. Well, many dog park users are
lawyers, too, so we’re wondering, should we get a lawyer? Do we
have grounds to sue?” While lawyers consulted lawyers, her husband
contacted media outlets. Eventually, the story made its way to this
reporter, and to her recently adopted mutt, who visited the park in
hopes of sniffing out what was really going on. Despite their
owners’ fretting, Chubbs, Jack, Louie and all the other dogs appear
unaware that their joyful morning romp has caused such a kerfuffle.
The aforementioned “standard poodle whose name should be withheld”
did not make an appearance. After this reporter’s dog spent some
time digging (for the truth, we presume), he was asked what he
thought of the park. He woofed. Twice. The police did not
arrive.
In: Economics
Q = A university is hiring new construction company and need to come with a blueprint. They are debating on how much distance/km belonging to a forested park can be preserved. Within this region, there are 250 residents and each have an identical inverse dmnd function where P = 20 - Q. Here, Q represents the amount of distance/km preserved. P is the representing per distance cost; that an individual is willing to pay for the amount of distance (Q).
Note: Margnal cost value is $800 per distnce/km
1. To support this question, Incorporate the marginal cost curve/, marginal benefit curve and write aggregate demand and plot these into graph
2.How much km is required fro be preserve in the context of efficient allocation,
In: Economics