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
Goryan [66]
3 years ago
9

Your hotel has 200 rooms in Dallas. There is a sport event coming up, and fans either book a rooms months before or wait for the

last minute. You charge $200 per night for those who book early and $500 per night for those who book at the last minute. Demand for early booking is easy to get. The number of last minute customers is normally distributed with mean 75 and standard deviation 25. How many rooms should be set for early book customer?
Mathematics
1 answer:
dedylja [7]3 years ago
3 0

Answer:

89 rooms should be set for early book customer

Step-by-step explanation:

According to the given data we have the following:

OVERAGE(CO) = 200

SHORTAGE(CS) = 500

In order to calculate how many rooms should be set for early book customer we would have to use the following formula:

OPTIMAL BOOKING = MEAN + (Z * STDEV)

MEAN = 75

STDEV = 25

SERVICE LEVEL= CS / (CS + CO) = 500 / (500 + 200) = 0.7143

Z VALUE FOR 0.7143 = 0.57

OPTIMAL BOOKING =  75 + (0.57 * 25) = 89

89 rooms should be set for early book customer

You might be interested in
What is 8/18 simplest form
wolverine [178]

Answer:

4/9

Step-by-step explanation:

8/2=4

18/2= 9

4 0
2 years ago
Read 2 more answers
A circular pond is to be surrounded by a gravel path. Use the diagram to find the square feet of gravel needed if we know the po
zzz [600]
Hey, I think an image is needed to answer this question.
5 0
2 years ago
Explain why two thirds is not unit fraction
vodomira [7]
I'm pretty sure it has to have 1 over any number
8 0
2 years ago
Does anyone know how to do this? Thanks!
Nataly [62]

C. 5

Step-by-step explanation:

The coeff of

{x}^{5}

Is 15.

So by that we can write 3m = 15

m is 5.

8 0
2 years ago
An amount of $25,000 is borrowed for 9 years at 9% interest, compounded annually. If the loan is paid in full at the end of that
Aleks04 [339]

Answer:

  $36,566

Step-by-step explanation:

"The calculator provided" will tell you the monthly payment is $338.57, so the 108 payments made over the period of 9 years will total ...

  108 × $338.57 = $36,565.56

Rounded to the nearest dollar, the amount is $36,566.

6 0
2 years ago
Other questions:
  • Using the completing-the-square method, find the vertex of the function f(x) = 2x2 − 8x + 6 and indicate whether it is a minimum
    13·1 answer
  • Given a soda can with a volume of 36 and a diameter of 4, what is the volume of a cone that fits perfectly inside the soda can?
    8·2 answers
  • What is 0.91 times 8.4 show your work
    11·2 answers
  • A manager of an apartment store reports that the time of a customer on the second floor must wait for the elevator has a uniform
    6·1 answer
  • There is a 10% off sale on laptop computers. If someone saves $35 on a laptop, what was its original cost?
    8·1 answer
  • This graph shows a relationship between the height of a giraffe and its weight.
    14·1 answer
  • Least to greatest 7/12,0.75,5/6
    7·2 answers
  • 29×6 distributive property​
    14·1 answer
  • Helpppppppppppp!!!!!!!!!
    12·1 answer
  • The total number of cars produced by TESLA each year is y = 200000(1.25)x , where x represents the number of years after 2020. h
    7·2 answers
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!