Answer:
No-shows in Hotel Reservations
Sample mean
= Sum of the samples divided by the number
= (18 + 16 + 16 + 16 + 14 + 18 + 16 + 18 + 14 + 19)/10 = 16.5
Explanation:
In mathematics and statistics, the arithmetic mean, or simply the mean or average is the sum of a collection of numbers divided by the count of numbers in the collection.
A sample mean therefore is the average of the sum of a collection of samples divided by the count of numbers in the collection. Simply, the sample mean is the average of all the measurements in the sample.
Answer:
$100
Explanation:
Total cost if he installs seven systems = $300
Total cost if he installs eight systems = $400
Therefore, the marginal cost of installing 8th system is the difference between the total cost of installing eight systems and the total cost of installing seven systems.
Marginal cost of installing 8th system:
= Total cost of installing 8 systems - Total cost of installing 7 systems
= $400 - $300
= $100
The profit maximization conditions says that the marginal cost must be equal to the marginal revenue.
Hence,
William will install eight systems per day only if the eight customer is willing to pay at least $100.
Answer:
A. Destination Contract
Explanation:
A destination contract is a contract or an agreement between the seller and the buyer of products. The contract is such that the risk of loss is stated explicitly that until the buyer takes delivery of the goods at his agreed destination, then the risk of loss is to be borne by the seller.
The agreement is based on the knowledge that it is the responsibility of the seller to get his goods to the buyer and until that is done, any risk such as loss of goods or destruction of goods are to be paid for by the seller.
A destination contract should be therefore specified by Custom Windows Inc which indicates that any form of loss or risk that might occur before the goods get to Kacey will be borne by the company.
Answer:
it is consumer protective act
