Question

You've sold 101 rooms, 98 rooms, and 102 rooms over the past 3 days. You have 116 rooms available. What is your average occupancy for the past three nights?

Answer 1

Answer:

The average occupancy rate for the past three nights is of 86.49%.

Step-by-step explanation:

We want to find the average occupancy rate, as a percentage.

You've sold 101 rooms, 98 rooms, and 102 rooms over the past 3 days.

So the mean number of rooms sold during the past 3 days is given by:

$A = \frac{101 + 98 + 102}{3} = \frac{301}{3} = 100.33$

Average rate:

$R = \frac{100.33*100}{116} = 86.49$

The average occupancy rate for the past three nights is of 86.49%.