People often visits tourist attraction sites. That there has been an increase in ecotourism, which is tourism to exotic, often threatened natural environments refers to <u>ecological </u>factors.
<h3>What influences tourism?</h3>
Ecotourism is known to be a new trend in the tourism industry. A factor analysis was done and five environmental factors were known to have a negative impact on tourists experience. They include;
- Pollution
- Tourism product offering
- Park violation,
- Environmental management
- Tourism impacts.
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Answer:
Have defined value creation too narrowly in terms of financial performance thereby contributing to black swan events ( B )
Explanation:
Black swan events are events that come as a surprise to a company or individual with great / devastating effects and these events are usually due to inappropriate foresight to the problem.
A company that generates huge profits is not supposed to reduce the maintenance budget because ill maintained equipment will not result to efficient production and huge profits. the leaking of their pipelines and the significant environmental problem is an example of the Black swan event due to the trimming of maintenance budget by the Management.
Answer:
Sample size is 16
Mean 4
Standard deviation of the sample is 0.3.
Explanation
The Central Limit Theorem estabilishes that, for a random variable X, with mean and standard deviation , a large sample size can be approximated to a normal distribution with mean and standard deviation .
In this problem, we have that:
The population has a mean of four hours, with a standard deviation of 1.2 hours. The sample is the 16 of the employees.
So
The sample size is 16, so
The mean of the sample is the same as the population mean, so .
The standard deviation of the sample is
The Christmas tree farm would respond by:
- In the short run, producers are going to earn profits and also increase their supply of the product.
This is what usually happens whenever there is an increase in the prices of goods in the supply side of the market.
As the prices would go up, the producers would want to take advantage of the increases to make as much gain as they can from the market.
This is only short term profit. Therefore the supply is going to be inelastic. The demand is only going to available for a short while.
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