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
Dimas [21]
3 years ago
9

Travelers who have no intention of showing up often fail to cancel their hotel reservations in a timely manner. These travelers

are known, in the parlance of the hospitality trade, as "no-shows". To protect against no-shows and late cancellations, hotels invariably overbook rooms. A recent study examined the problems of over-booking rooms in the hotel industry. The following data, extracted from the study represent the daily numbers of late cancellations and no-shows for a random sample of 10 days at a hotel:______.
18, 16, 16, 16, 14, 18, 16, 18, 14, 19.
Compute x the sample mean for the data set.
Business
1 answer:
Svetlanka [38]3 years ago
6 0

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.

You might be interested in
True or false?columbus's return voyage took longer than his outward voyage
zaharov [31]
That is false, he took a lot more time trying to find India and instead found America
7 0
3 years ago
Read 2 more answers
The graph shows the supply and demand curves for a certain product, which
nadya68 [22]

Answer:

A. The current selling price for the product is too low.

Explanation:

The ideal market price should be $400.  This is the equilibrium point where demand matches supply. At the price of $400, buyers and suppliers will be happy to trade a quantity of 4000 units.

The prevailing price of $300 is too low. Suppliers should raise the price to the price $400 mark.

5 0
2 years ago
Read 2 more answers
When you construct an audience-analysis questionnaire, open-ended questions are especially valuable because they usually generat
amm1812
The answer is false, it is because in questionnaires like this, open ended questions are considered valuable, which is true in the statement above but what makes it false, is because of the unambiguous response. An open ended questions should not have unambiguous response for they should be more open and would be engaging and more open not only to the person asking but to the audience as well.
7 0
3 years ago
Demand management variables include: A. Pricing, inventory, and advertising B. Reservations, pricing, and advertising C. Subcont
Marta_Voda [28]

Answer:

B. Reservations, pricing, and advertising

Explanation:

Demand management variable analyses profit contribution of products and customers. Enhancing demand for profitable products and customers, while decreasing demand for unprofitable ones.

Demand management involves pricing, advertising, reservation, and complimentary offerings.

It is a way for the business to maximise profit from activities that gives it more profit, while reducing activities that are relatively less profitable. This increases the efficiency of the business.

8 0
3 years ago
Sam’s Appliance Outlet has variable expenses of 40% of sales. The manager reported monthly fixed expenses of $270,000. The month
solong [7]

Answer:

$125,000

Explanation:

total sales = ?S

variable expenses = S x 40%

fixed costs = $270,000

operating income = $75,000

S - 0.4S - $270,000 = $75,000

0.6S = $75,000 + $270,000 = $345,000

S = $345,000 / 0.6 = $575,000

total sales = $575,000

margin of safety = total sales - break even point

break even point = $270,000 / 0.6 = $450,000

margin of safety = $575,000 - $450,000 = $125,000

The margin of safety represents how much can a company's sales can fall until it reaches the break even point.

7 0
3 years ago
Other questions:
  • Dvr technology allows advertisers to get more specific information about what viewers watch
    6·1 answer
  • Hayes corporation has $300 million of common equity, with 6 million shares of common stock outstanding. if hayes' market value a
    12·1 answer
  • Five years ago, Alicia invested $10,000 at 5% interest. How much less money would she have today if she had invested the money a
    11·1 answer
  • Which of the following is true of voluntary export restraints? a. It is a government payment to domestic firms. b. It is an exam
    10·1 answer
  • Jing is considering starting a new business selling organic groceries. It would cost her $350,000 a year to rent store space and
    14·1 answer
  • Let’s assume a required reserve ratio of 10 percent.
    15·1 answer
  • Ben's Border Café is considering a project which will produce sales of $16,000 and increase cash expenses by $10,000. If the pro
    10·1 answer
  • Cullumber Company makes three models of tasers. Information on the three products is given below. Tingler Shocker Stunner Sales
    11·1 answer
  • The purpose of growth accounting is to estimate the contribution each component of the aggregate production function makes to ov
    12·1 answer
  • This year, Jennifer company paid 4000 hundred thousand in wages and 850,000 for overhead expenses and 75,000 for advertising it
    12·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!