Park Hyatt Philadelphia at the Bellevue, located at Walnut and Broad in downtown Philadelphia has a capacity of 240 king rooms. Customers of Hyatt are typically either leisure travelers or business customers. Hyatt charges a discount fare of $125 for a midweek stay (but requires booking a week in advance) which contrast the regular fare of $275. Typically, business customers book in the last minute, and are willing to pay the regular fare, if they can be guaranteed accommodation. Suppose we are interested in the bookings in Park Hyatt on August 6th (the day of our final exam). Hyatt knows that there are plenty of leisure travelers, willing to pay the low fares. However, all else being equal, Hyatt would like to fill those rooms with the high-fare travelers. The objective of Hyatt is to maximize the sum of revenue from both sections of the travelers. If Hyatt followed the ‘booking limit policy’, by reserving some rooms for last-minute business customers, how many rooms should it reserve? Assume that there is ample demand of leisure customers willing to pay the discount fare, and the number of business customers is normally distributed, with mean 50 and standard deviation 26. (6 points)

Answers

Answer 1

Answer:

[tex]X=53[/tex]

Step-by-step explanation:

From the question we are told that:

Regular fare R= $275

Discount fare of $125

Mean [tex]\=x =50[/tex]

Standard deviation [tex]\sigma= 26.[/tex]

Generally, the equation for Critical Fraction is mathematically given by

[tex]C=\frac{Pf-Pd}{Pf}[/tex]

[tex]C=\frac{275-125}{275}[/tex]

[tex]C=0.5[/tex]

From Z Distribution Table

[tex]Z=0.1131[/tex]

Therefore

Reservation  made is give as for High fare travellers is

[tex]X = \=x+(z* \sigma)[/tex]

[tex]X = 50 + (0.1131 * 26)[/tex]

[tex]X=53[/tex]


Related Questions

I need assistance urgent

Answers

The answer would be 173.42cm²

A computer is priced at $2,000. If the sales tax rate is 7.5%, find the total cost of the
computer?

Answers

9514 1404 393

Answer:

  $2150

Step-by-step explanation:

The tax is 7.5% of the price, so is ...

  $2000 × 0.075 = $150

The total cost is the price with tax added:

  $2000 +150 = $2150

Shane plants a 6-inch tomato plant in his garden. The plant grows by about 12% per week for several months. Which function definition represents the height of the tomato plant (in inches) as a function of the number of weeks, t since the tomato plant was planted?

Answers

Answer:

[tex]f(t)=6(1.12^t)[/tex]

Step-by-step explanation:

every week the plant grows by 12%, so the ratio is 1.12. the original height of the plant is 6. f(x)=a(b^x) such that a=6, b=1.12, and x=t

Which of the following show the factored equivalent of
f(x) = (2x^2 +7x + 3)(x - 3) and its zeros?

Answers

Answer:

the answer is "D"

(2x+1)(x+3)(x-3)  //// -3,-.5,3

Step-by-step explanation:

Factored Form:  y= (2x+1)(x+3)(x-3)    

Answer:

D

Step-by-step explanation:

[tex]f(x) = (2x^2 +7x + 3)(x - 3)[/tex]  is factored into: [tex]f(x)= (2x+1)(x+3)(x-3)[/tex]

That takes out the choices B and C.

The roots are -0.5, 3, and -3.

Therefore, the answer is D.

I hope this helps!

pls ❤ and mark brainliest pls!

Write the equation for each question:

9. the sum of 5 and four times a number is 32

10. four less than the square of a number is 12

11. The product of 3 and four more than a number is 20

Marking Brainliest

Answers

Step-by-step explanation:

9) let number=x

Four times a number=4x

Condition:

4x+5=32

10) square of number=x²

Condition:

x²-4=12

11)

Condition:

3(x+4)=20

Note:if you need to know any question please let me know.

The sum of 7 and 3 times a number is 34.
What is the number?

Answers

Answer:

9

Step-by-step explanation:

Let the unknown number be x

Sum means add

7 + 3x = 34

Subtract 7 from each side

7+3x-7 = 34-7

3x = 27

Divide by 3

3x/3 = 27/3

x = 9

look at the image below

Answers

that's what I got, you can confirm if it's correct or not... I'm not sure

have a nice dayʘ‿ʘ

plz help me on this question best and right answer gets brainliest

Answers

Answer:

| - 5| 5

| 6 | 6

| - 9 | 9

the numbers will be positive when they come out from the absolute value

Answer and Step-by-step explanation:

The absolute value of a value is the positive version of that value.

| | <- Brackets are used to show that a value is being absolute.

|-5| = 5  The negative 5 with absolute brackets becomes a positive 5.

|6| = 6    A positive 6 with absolute brackets stays a positive 6.

|-9| = 9   A negative 9 with absolute brackets becomes a positive 9.

#teamtrees #PAW (Plant And Water)

Complete the equation of this circle:
pleaseee helpp

Answers

Answer:

(x – 3)^2+ (y – 2)^2 = r^2

Step-by-step explanation:

The co-ordinates of the center=(3,2)

The formula for the equation of a circle is (x – h)^2+ (y – k)^2 = r^2,

(h, k) represents the coordinates of the center of the circle, and r represents the radius of the circle.

Therefore, (x – h)^2+ (y – k)^2 = r^2

                 =(x – 3)^2+ (y – 2)^2 = r^2

You can find r^2the equation.

An employee works 22 days per month if they work an average of 8 and a quarter hours per day how many hours do they work per month

Answers

Answer:

181 1/2 hours a month.

Step-by-step explanation:

You multiply the days per month=22

By the hours they work per day=8 1/4

(Optional) You turn 1/4 into .25

Then: 22 × 8.25= 181.5/181 1/2

I hope this answer helps you out. Brainliest would be appreciated. Have a very nice day/night.

What happens to the median of the data set
{2, 4, 5, 6, 8, 2, 5, 6} if the number 10 is added to the data set?
A. The median does not change.
B. The median increases by 2.
C. The median decreases by 0.25.
D. The median increases by 1.

Answers

Answer:

A. The median does not change.

Step-by-step explanation:

Original data set,

Put the numbers in order from smallest to largest

2,2, 4, 5, 5, 6,6, 8  

Median is the middle number

2,2, 4, 5,     5, 6,6, 8  

It is between the two 5's

(5+5)/2 = 10/2 = 5

New data set

Put the numbers in order from smallest to largest

2,2, 4, 5, 5, 6,6, 8,10  

Median is the middle number

2,2, 4, 5,     5,    6,6, 8,10  

The middle number is 5

Answer:

The answer is A

Step-by-step explanation:

Need the answer explained

Answers

Answer:

it's very simple maybe it's in ur book?

if f(x) = 5x^2 -3 and g(x) = x^2-4x find (f-g) (x)

Answers

Answer:

10x-2x-4=8x-4 اتمنى لك التوفيق

The answer for x is 5!!

.2333 repeating as a fraction

Answers

Answer and Step-by-step explanation:

0.2333...

First, multiply the number by 10 (because there is 1 number being repeated.

2.333.....

Now subtract by the original number.

   2.333...  

-   0.2333...

   2.10

Write this as an equation:

(10 x fraction) - fraction = 2.1           (10 x fraction) - fraction = 9 x fraction

9 x fraction = 2.1  (Divide both sides by 9)

[tex]\frac{2.1}{9}[/tex] = [tex]\frac{7}{30}[/tex]

[tex]\frac{7}{30}[/tex] is the answer.

(To check, do 7 divided by 30 in a calculator, and you will get 0.233 repeating)

#teamtrees #PAW (Plant And Water)

I hope this helps!

¿Cuál es el volumen de un cubo de 10 cm de lado?

Answers

Answer: 1,000 cm^3

Step-by-step explanation:

10*10*10=1,000 cm^3

Find the equation of the line that is parallel to f(x) and goes through point (-1,7).

Answers

Answer:

y=(3/7)*x+52/7

Step-by-step explanation:

The slope of the line will be (3/7). The equation of line will be y=(3/7)*x+52/7

Three research departments have 6, 9,
and 7 members, respectively. Each
department is to select a delegate
and an alternate to represent the
department at a conference. In how
many ways can this be done?

Answers

Answer:

I don't know because I don't understand what you mean

How do I graph x+3y≥12?

Answers

Here is the graph for the equation

If f(x) = 4x + 3 and g(x) = 22 – 3, then f(g(4)) = ???

Answers

g(4) = 19
f(19) = 79

So f(g(4)) = 79

Answer:

f(g(4))=79

Step-by-step explanation:

given:

f(x) = 4x + 3

g(x) = 22 – 3

g(x) = 19

the x in parentheses represents x's value. if it is just x then example f(x)=3x would be 3x. if f(x) was f(2)=3x, then x would be 2 and f(2)=3x would be 3*2=6

f(g(4))

first solve g(4)

g(x) = 19

g(4)=19     because there are no x

then substitute

f(g(4))

f(19)

f(19) = 4x + 3

all x become 19

f(19) = 4(19) + 3

       =76+3

        =79

hope this helps.

A 33-m tall building casts a shadow. The distance from the top of the building to the tip of the shadow is 37-m.
. Find the length of the shadow.

Answers

Answer:

[tex]\sqrt{280}[/tex] = 2[tex]\sqrt{70}[/tex]

37^2 = 1369

33^2 =1089

1369-1089 = 280

Step-by-step explanation:

solve the following inequality -1≤d+2/5≤6∕5

Answers

Answer:

-7/5≤d≤4∕5

Step-by-step explanation:

-1≤d+2/5≤6∕5

Subtract 2/5 from all parts

-1-2/5≤d+2/5-2/5≤6∕5-2/5

-5/5-2/5≤d+≤4∕5

-7/5≤d≤4∕5

It’s time so please ASAP
Which expression is equivalent to the following complex fraction
3
-4
X-1
2-
2
X-1

O
2(x-2)
-4x+7
-4x+7
O 2(x-2)
-4x+7
2(x2-2)
21x²-2)
-4x+7

Answers

Answer:

B

Step-by-step explanation:

The answer can be obtained by simplifying the whole fraction

It’s question 14 I need help with please it’s due soon

Answers

if you are trying to work out -3/4 - (-1/4 - 1/2) then the answer is 0

Please help me to find out the answer

Answers

9514 1404 393

Answer:

  80.99 m

Step-by-step explanation:

The hypotenuse of the triangle is given, and the desired side length is the one adjacent to the angle marked. The relevant trig relation is ...

  Cos = Adjacent/Hypotenuse

Multiplying by the hypotenuse, we find ...

  RY = (82 m)cos(9°) ≈ 80.99 m

Use the distributive property to simplify
the equation below.
с
8(2a + 4b - c)
[? ]a + [ ]b - [
[ ]

Answers

Answer:

16a +32b - 8c

Step-by-step explanation:

8(2a + 4b - c)

Distribute

8*2a  + 8*4b+ 8*(-c)

16a +32b - 8c

Answer:

16a + 32b - 8c

Step-by-step explanation:

You bring 8 inside the parenthesis and then multiply it with everything. so for a you put 16, b you put 32 and c you put 8

What is the solution for this equation?
by – 12) = 21
O {9, 33)
O {-9, 33}
O {-33, -9}
O {-33, 9}

Answers

Sol-1

[tex]\\ \sf\longmapsto |y-12|=21[/tex]

[tex]\\ \sf\longmapsto y+12=21[/tex]

[tex]\\ \sf\longmapsto y=21-12[/tex]

[tex]\\ \sf\longmapsto y=9[/tex]

Sol:-2

[tex]\\ \sf\longmapsto y-12=21[/tex]

[tex]\\ \sf\longmapsto y=21+12[/tex]

[tex]\\ \sf\longmapsto y=33[/tex]

Describe the transformation in the given image.
1
2
Rotation
Reflection
3
Translation
O Dilation
4

Answers

Answer:

Translation

Step-by-step explanation:

In Euclidean geometry, a translation is a geometric transformation that moves every point of a figure or a space by the same distance in a given direction. A translation can also be interpreted as the addition of a constant vector to every point, or as shifting the origin of the coordinate system.

I hope this helps :3 Please feel free to ask any questions that you may have.


1 What is the product of 2r^2- 5 and 3r

Answers

Answer:

Step-by-step explanation:

3r(2r^2 - 5)

6r^(2 + 1) - 5*3r

6r^3 - 15r

The acute angle of the right angle triangle are in the ratio of 4:5​

Answers

Answer:

Since the triangle is a right angled triangle, one of the angles is 90°. In the right angled triangle, the acute angles are in the ratio 4:5. Let the measures of the acute angles of the triangle in degrees be 4k and 5k, where k is a constant.

Step-by-step explanation:

hope it helps.

Answer:

40and50

Step-by-step explanation:

let the acute angles be 4x and 5x then,

4x+5x+90=180 [sum of all angles of a right angled triangle]

or,9x=180-90

or,x=90/9

x=10

4x=4×10=40

5x=5×10=50

A sanitation supervisor is interested in testing to see if the mean amount of garbage per bin is different from 50. In a random sample of 36 bins, the sample mean amount was 50.67 pounds and the sample standard deviation was 3.9 pounds.
a) Conduct the appropriate hypothesis test using a 0.1 level of significance.
b) What is the test statistic? Give your answer to four decimal places.
c) What is the P-value for the test? Give your answer to four decimal places.
d) What is the appropriate conclusion?
i. Fail to reject the claim that the mean amount per bin is 50 pounds because the P-value is larger than 0.1.
ii. Fail to reject the claim that the mean amount per bin is 50 pounds because the P-value is smaller than 0.1.
iii. Reject the claim that the mean amount per bin is 50 pounds because the P-value is larger than 0.1.
iv. Reject the claim that the mean amount per bin is 50 pounds because the P-value is smaller than 0.1.

Answers

Answer:

Step-by-step explanation:

99% =2.58

 xbar / Point Est. 50.67

 µ 50

σ 3.9

n 36

Confidence Interval  

50-> (48.9,52.44) -> Fail to Reject H0  

Test Statistic 1.0308

P-Value 0.1549

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