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Lisa [10]
2 years ago
5

The manager at the Overton Hotel in Lubbock believes that the success of the Texas Tech Red Raider Basketball team has an impact

on the occupancy rate at the hotel during the first quarter of every year. Below are the number of victories for the Red Raiders in during the last three seasons and the hotel occupancy rate. This year, (year 4) the Red Raiders Basketball Team is expected to have another phenomenal season and win 31 games and the manager at the Overton has asked you to determine their first quarter occupancy rate for the upcoming year (year 4) using associative forecasting, given that the SLOPE = 0.0474 and the INTERCEPT =0.4743
Year Wins First Quarter Occupancy Rate
1 15 60%
2 28 90%
3 31 93%

a. 93.4%
b. 88.1%
c. 91.7%
d. 36.9%
e. 90.0%
Business
1 answer:
deff fn [24]2 years ago
4 0

Answer: 99.51%

Explanation:

This is a linear regression problem.

The relationship between the success of the team and the occupancy rate is in the form:

y = mx + c

y = occupancy rate

m = slope

x = number of games

c = slope

Intercept is supposed to be negative in question:

= 0.0474 * 31 + (-0.4743)

= 99.51%

<em>Options are most probably for a variant of this question.</em>

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Susan’s customers are always concerned about what they are receiving in exchange for what they are paying. They are concerned ab
liubo4ka [24]

Answer: Customer value  

         

Explanation: In simple words, customer value refers to the level of satisfaction that the consumer receives from purchasing a commodity. The level of satisfaction highly depends on the price that the customer gives for the commodity.

In the given case, the customer of Susan's were concerned about their utility satisfaction.

Hence from the above we can conclude that the correct option is C.

3 0
3 years ago
Your total cash income is $80,000. You pay $8,000 in taxes and $60,000 in other expenses. Your savings ratio is
inessss [21]
$12,000 if i am correct
4 0
2 years ago
A manufacturing company that produces a single product has provided the following data concerning its most recent month of opera
quester [9]

Answer:

$61,200

Explanation:

The computation of the total period cost for the month under absorption costing is shown below:

= Fixed selling and administrative expense +  Variable selling and administrative expense rate × number of units sold

= $34,000 + 6,800 units × $4

= $34,000 + $27,200

= $61,200

As we know that the period cost includes the major part of the selling expenses and we applied the same for the above computation

5 0
3 years ago
Which of the following would be an effective approach for encouraging authentic feedback? A. Defend yourself if you disagree wit
sergey [27]

Answer:

C. Ask for feedback only when you are open to hearing it.

Explanation:

Feedback refers to providing the information gathered after evaluating any specific action or event. Providing authentic feed-backs helps in promoting and improving the better quality of the original topic. It is more personalized and user-oriented. There are various ways by which authentic feed-backs can be given. Through messaging, writing, discussing over calls, and conversations over video calls helps in providing authentic feedback. Asking for feedback should be initiated by the person only when the person is willing to listen and acquire those feed-backs is an effective approach for encouraging authentic feedback.

6 0
3 years ago
A revenue tariff is designed to assist more efficient domestic producers, whereas a protective tariff is designed to promote imp
bezimeni [28]

Answer:

False

Explanation:

Revenue tariff means increasing earnings. It will raise government revenue instead of protecting domestic ventures. It is a direct income in the form of tax to obtain from corporate revenues.

On the other hand, protective tariffs are designed to protect domestic producers. It protects local manufacturers by imposing a heavy duty on imported products, which enables the products to become less attractive. Therefore, the aim is to reduce imports.

6 0
3 years ago
Read 2 more answers
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