A hotel chain wanted to learn about the level of experience of its general managers. A random sample of 14 general managers was taken, and these managers had a mean of 11.72 years of experience. Suppose that the standard deviation of years of experience for all general managers in the chain is known to be 3.2 years. What is the lower limit of a 95% confidence interval for the mean experience of all general managers in this hotel chain?

In regards to modern operating systems If you are asked to design a hotel check-in system that has three steps, what would you like to propose? If you are asked to detail your previous design so that it has five steps, how would you update it and why? If you are asked to propose a hotel check-in system without any limitation in steps, what would it be and why?

You are part of a Design and Construct team for a conference centre and 300 bed hotel accommodation in Darwin, Northern Territory. The site is 10 hectares on the oceanfront. The developer wants the project to be environmentally friendly and to minimise energy consumption and water usage while maintaining a luxury hotel feel. List the factors and strategies that you would consider most important in the design of this building, i.e. the design adaptations for the building.

You are part of a Design and Construct team for a conference centre and 300 bed hotel accommodation in Darwin, Northern Territory. The site is 10 hectares on the oceanfront. The developer wants the project to be environmentally friendly and to minimise energy consumption and water usage while maintaining a luxury hotel feel. List the factors and strategies that you would consider most important in the design of this building, i.e. the design adaptations for the building.

(a) The price elasticity of demand for smoke grinders in response to changes in the price of purpletts is -2. What formula and concept will we use to study the change in quantity demanded of smoke grinders to a change in price of purpletts? What the -2 elasticity of demand tells us about the goods purpletts and smoke grinders? (b) Given the table below, answer the following question. The quantity demanded of which good decreases the most during a recession (when incomes decrease)?

Given the table below ( income elasticity of demand), answer the following question.

Total brand cereal = 0.3, eclipse galsses = -1.5, office chairs = 0, theater tickets = 4, heart shaped pillows = 2

The quantity demanded of which good decreases the most during a recession (when incomes decrease)?

Topic: Construction

Let us assume that there is a large high school to be built on the East Coast of Florida near the beach. What type of block would be recommended i.e., compressive, fire rating, architecturally pleasing to the public eye? Remember to factor in cost, permanence, maintenance and safety.

Sundin Inc. ("The Company") is a manufacturer of hockey sticks in Sweden. This year is a very important year for the company, as they are considering going public in the near future. Management wants to do some scenario planning and see what the financial results would look like under different production levels.

The Company has budgeted these costs for one hockey stick (1 Unit).

Fixed overhead for The Company will be $14,000 this year

Required: Prepare a flexible budget, for the year, for the production of 3,500 and 4,000 units. Using this flexible budget, answer the following questions:

Question 26 options:

What is the total cost to The Company, excluding fixed overhead, for the production of 3,500 units?

Question 27 options:

What is the total cost per unit for the production of 3,500 units?

Question 28 options:

What is the total cost to The Company, excluding fixed overhead, for the production of 4,000 units?

Question 29 options:

What is the total cost per unit for the production of 4,000 units?

Question 30 options:

Which of the following is true regarding a flexible budget?

Question 31 options:

Using the flexible budget, what costs are included in calculating the total cost of production?

The market for sandwiches consists of two sandwich shops operating in the local market that produce near identical products and that the inverse demand for sandwiches over the lunch hour is given by P = 280 − 2(Q1 + Q2). In this market each firm independently produces a quantity of output, and these quantities are then sold in the market at a price that is determined by the total amount produced by the two firms. The cost function for Shop 1 is C1(Q1) = 3Q1, and costs for Shop 2 is C2(Q2) = 2Q2. Given this information answer the following:

(a) Calculate the marginal revenue for each shop.

(b) Calculate the reaction function for each shop.

(c) Calculate the level of output each shop will produce if the market is in equilibrium.

(d) Calculate the equilibrium profits for each shop.

The market for sandwiches consists of two sandwich shops operating in the local market that produce near identical products and that the inverse demand for sandwiches over the lunch hour is given by P = 280 − 2(Q1 + Q2). In this market each firm independently produces a quantity of output, and these quantities are then sold in the market at a price that is determined by the total amount produced by the two firms. The cost function for Shop 1 is C1(Q1) = 3Q1, and costs for Shop 2 is C2(Q2) = 2Q2. Given this information answer the following:

(a) Calculate the marginal revenue for each shop.

(b) Calculate the reaction function for each shop.

(c) Calculate the level of output each shop will produce if the market is in equilibrium.

d) Calculate the equilibrium profits for each shop.

The market for sandwiches consists of two sandwich shops operating in the local market that produce near identical products and that the inverse demand for sandwiches over the lunch hour is given by P = 280 − 2(Q1 + Q2). In this market each firm independently produces a quantity of output, and these quantities are then sold in the market at a price that is determined by the total amount produced by the two firms. The cost function for Shop 1 is C1(Q1) = 3Q1, and costs for Shop 2 is C2(Q2) = 2Q2. Given this information answer the following:

(a) Calculate the marginal revenue for each shop.

(b) Calculate the reaction function for each shop.

(c) Calculate the level of output each shop will produce if the market is in equilibrium.

(d) Calculate the equilibrium profits for each shop.