1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
nata0808 [166]
3 years ago
3

A five-star hotel accepts 100 room reservations daily. for each reservation accepted, there is a 7% chance that the guest will n

ot arrive. you decide to build a simulation model to describe the number of guests who will show up. the best appropriate distribution to use is
Business
1 answer:
Radda [10]3 years ago
8 0
We are having a sample of 100 rooms where each room has only two possibilities, either the guest will arrive or not.

The best model to represent an experiment with n repeated trials (we repeat the experiment 100 times, one time for each room) where each trial can result in one of two outcomes (either the guest will arrive or not) is the binomial distribution model.

Therefore, the answer is:
The binomial distribution model

You might be interested in
Which questions about risk should someone ask before making a big purchase?
sleet_krkn [62]
1. It’s it worth it?
2. How does this effect my weekly budget
7 0
4 years ago
Read 2 more answers
Which statement describes an hourly wage job? a. Each paycheck is the exact same regardless of number of hours worked. b. Each p
natita [175]

Answer:

The correct answer is c. If an employer wants the employee to work more hours in a week, the result is a larger paycheck.

Explanation:

The salaried worker gives his workforce to another person, who pays him a salary in exchange. It can be said that an employee is an employee of a company or entity, unlike independent or autonomous workers.

Being a salaried worker means having to respect a series of rules and face duties such as meeting the established schedules, respecting their peers and superiors, performing the tasks they have been assigned.

6 0
3 years ago
Read 2 more answers
If wage increases by 10%, a(n) ________ worker is likely to supply 7% more labor because elasticity of labor supply is assumed t
katovenus [111]

Answer:

adult; inelastic.

Explanation:

Data provided in the question

Increase wage rate percentage is 10%

And, the given supply percentage is 7%

As there is no information given in the question related to the teenager and adult so we assume that the data is given for adult

Since the wage rate is increase by 10% which reflects the adults worker and due to which the supply is 7%  more labor. So the elasticity of labor supply is inelastic as the supply is less than the wage rate so it cannot be perfectly elastic

3 0
4 years ago
Other things equal, cartels and similar collusive arrangements are easier to establish and maintain: Group of answer choices whe
katen-ka-za [31]

Answer:

Option "B" is the correct answer to the following question:

Explanation:

In business or business cycle period Cartels and comparable collusive agreements are simpler to design and implement and maintain during business time or periods of business-cycle stability and high employment, assuming all other factors are equal.

4 0
3 years ago
Does china have a pure market economy
horsena [70]
Yes china has a pure market economy
3 0
4 years ago
Other questions:
  • Sheridan Company purchased $1750000 of 10% bonds of Scott Company on January 1, 2021, paying $1650375. The bonds mature January
    15·1 answer
  • Which of the following statements is NOT true regarding the requirements and objectives associated with an Integrated Baseline R
    11·1 answer
  • Skills include all of the following:
    8·2 answers
  • Is there a term to describe industries where its more expensive per unit to produce a large number than it is to produce a small
    11·1 answer
  • Renting provides _________ flexibility but can lead to _________ costs in the long-term.
    5·1 answer
  • At the beginning of the year, you purchased a share of stock for $41. Over the year the dividends paid on the stock were $2.25 p
    5·1 answer
  • For which person would renting a home be a better option than getting a mortgage?
    10·2 answers
  • Beta Inc. can produce a unit of Zed for the following costs: Direct material $ 10 Direct labor 20 Overhead 50 Total costs per un
    15·1 answer
  • What are the effect of enterprise/business on environment? write them
    11·1 answer
  • An earthquake in Japan destroys an automobile factory. In response, the United States exports more automobiles at a time when th
    7·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!