Park Hyatt Philadelphia at the Bellevue, located at Walnut and Broad in downtown Philadelphia has a capacity of 240 king rooms. Customers of Hyatt are typically either leisure travelers or business customers. Hyatt charges a discount fare of $125 for a midweek stay (but requires booking a week in advance) which contrast the regular fare of $275. Typically, business customers book in the last minute, and are willing to pay the regular fare, if they can be guaranteed accommodation. Suppose we are interested in the bookings in Park Hyatt on August 6th (the day of our final exam). Hyatt knows that there are plenty of leisure travelers, willing to pay the low fares. However, all else being equal, Hyatt would like to fill those rooms with the high-fare travelers. The objective of Hyatt is to maximize the sum of revenue from both sections of the travelers. If Hyatt followed the ‘booking limit policy’, by reserving some rooms for last-minute business customers, how many rooms should it reserve? Assume that there is ample demand of leisure customers willing to pay the discount fare, and the number of business customers is normally distributed, with mean 50 and standard deviation 26. (6 points)

Answers

Answer 1

Answer:

[tex]X=53[/tex]

Step-by-step explanation:

From the question we are told that:

Regular fare R= $275

Discount fare of $125

Mean [tex]\=x =50[/tex]

Standard deviation [tex]\sigma= 26.[/tex]

Generally, the equation for Critical Fraction is mathematically given by

[tex]C=\frac{Pf-Pd}{Pf}[/tex]

[tex]C=\frac{275-125}{275}[/tex]

[tex]C=0.5[/tex]

From Z Distribution Table

[tex]Z=0.1131[/tex]

Therefore

Reservation  made is give as for High fare travellers is

[tex]X = \=x+(z* \sigma)[/tex]

[tex]X = 50 + (0.1131 * 26)[/tex]

[tex]X=53[/tex]


Related Questions

1. Ewa has 20 balls of four colors: yellow, green, blue, and black. 17 of them are not green, 5 are black, and 12 are not yellow. How many blue balls does Ewa have? (Use Gaussian elimination method).

Answers

Answer:

In a bag of balls, 1/4th are green, 1/8th are blue, 1/12th are yellow and the remaining 26 are white. How many balls are blue?

There are 4 colours of balls - green, blue, yellow and white.

Add (1/4)+(1/8)+(1/12) = (6/24)+(3/24)+(2/24) = 11/24 so the balance or (24–11)/24 = 13/24 = 26 white. Hence the total number of balls are 2*24 = 48.

Of the 48 balls, green are (1/4)*48 = 12, blue are (1/8)*48 = 6, yellow are (1/12)*48 = 4 and the rest, white are 26.

Check: Total number of balls = 12+6+4+26 = 48

Answer: 6 balls are blue....

If DF =61 and EF = 18 find DE

Answers

Answer: DE = 79

Concept:

Here, we need to know the idea of segment addition postulate.

The Segment Addition Postulate states that given 2 points A and C, a third point B lies on the line segment AC if and only if the distances between the points satisfy the equation AB + BC = AC.

If you are still confused, you may refer to the attachment below for a graphical explanation or tell me.

Solve:

**Disclaimer** I assume that points D, E, F are collinear, thus they would form a segment and F would be the point between D and E. If it was, you may refer to my answers. If it was not, you may tell me and I will redo it.

Given information

DF = 61

EF = 18

Given expression deducted from the segment addition postulate

DE = DF + EF

Substitute values into the expression

DE = (61) + (18)

Simplify by addition

[tex]\boxed{DE=79}[/tex]

Hope this helps!! :)

Please let me know if you have any questions

if a stone is dropped from a cliff that is 122.5m high then its height in meters after t seconds is h=122.5-4.9t^2. find its velocity after 2s

Answers

Answer:

Step-by-step explanation:

Let t = 2

h = 122.5 - 4.9·2² = 122.5-19.6 = 102.9

A Circuit has a 5000 V power supply(AC), A load resistance of 4 ohms and open switch how much Current will flow in a circuit as it is ?

Answers

Answer:

1250 amps

Step-by-step explanation:

V = 5000 V

R = 4 ohms

Use ohms law: V = IR

5000 =I(4)

I = 1250 amps

Pete receives a weekly allowance for doing chores around the
house. Pete saves his money for 17 weeks. After 17 weeks, he
saves $187. How much money does Pete get for his allowance
each week

Answers

9514 1404 393

Answer:

  A.  $11 per week

Step-by-step explanation:

  $187 = (17)(weekly allowance) . . . . . Pete's savings after 17 weeks

  weekly allowance = $187/17 = $11 . . . . . divide by 17

Pete gets $11 each week.

Answer:11 per week

Step-by-step explanation:I did the test

The probability distribution of a random variable X is given. x 1 2 3 4 P(X = x) 0.4 0.1 0.3 0.2 Compute the mean, variance, and standard deviation of X. (Round your answers to two decimal places.) mean variance standard deviation

Answers

Mean:

[tex]E(X) = \displaystyle \sum_{x\in\{1,2,3,4\}}x\,P(X=x) = 1\times0.4 + 2\times0.1 + 3\times0.3 + 4\times0.2 = \boxed{2.3}[/tex]

Variance:

[tex]\displaystyle V(X) = E\left((X-E(X))^2\right) = E(X^2) - E(X)^2 \\\\ E(X^2) = \sum_{x\in\{1,2,3,4\}}x^2\,P(X=x) = 1^2\times0.4 + 2^2\times0.1 + 3^2\times0.3 + 4^2\times0.2 = 6.7 \\\\ \implies V(X) = 6.7 - 2.3^2 = \boxed{1.41}[/tex]

Standard deviation:

[tex]\sigma_X = \sqrt{V(X)} = \sqrt{1.41} \approx \boxed{1.19}[/tex]

what song goes whoooooo Iiiiii smoooooooooke ​

Answers

Answer:

Lol yu lateee das "who i smoke by yung ace"

Step-by-step explanation:

Answer:

woogle said woo hoo  by rock a teens

Step-by-step explanation:

the difference between a number and 6

Answers

Step-by-step explanation:

=The difference between a number and 6

the term difference is used in mathmatics as subtraction

let x = a number

x - 6 = the difference between that unknown number and 6

Answer:

Step-by-step explanation:

difference means subtract. Difference is always worded the same way. What you have written means that you start with an algebraic letter and then comes the minus sign and then the number

Let the number = x

x - 6

If it was worded as difference between 6 and a number, you would write it this way

6 - x

–21:(–2 – 5) + ( –14) + 6.(8 – 4.3)​

Answers

Did you mean -21(-2-5)+(-14)+6(8-4.3) ?
If that, the answer is 155.2:)) im sorry if im wrong:((

A. The interquartile range is 55

B.Three fourths of the data is less than 65

C. The median of the upper half of the data is 65

D. The median if the data is 55.

Answers

Answer:

d the median if the data is 55

In a high school graduating class of 300, 200 students are going to college, 40 are planning to work full-time, and 80 are taking a gap year.

a. These are mutually exclusive events.
b. These are not mutually exclusive events.
c. You should add their individual probabilities.
d. None of the above are true.

Answers

These are mutually exclusive events. So it is b

If a house is worth $125,000 and depreciates by 7.5% per year, how much is it worth in two years

Answers

Answer:

Solution given;

principal [P]=$125,000

depreciated rate[R]=7.5%

time[t]=2 years

worth price of house [A]=???

we have

Worth price[A]=[tex]\large \bold P(1-\frac{R}{100})^{t}[/tex]

=[tex]125,000(1-\frac{7.5}{100})^{2}[/tex]

=125,000*0.925²

=125,000*0.855625

=106953.125

its worth price is $106953.125

IF YOU CAN ANSWER THIS QUESTION, YOU ARE A TRUE MEME LORD

Alan needs a total of $370 to buy a new bicycle. He has $40 saved. He earns $15 each week delivering newspapers. How many weeks will Alan have to deliver papers to have enough money to buy the bicycle?

CAN YOU DO IT??

Answers

Answer:

22 weeks

Step-by-step explanation:

Let Suppose if weeks is x

So if we count it:

$40 + $15x = $370

$15x = $330

x = 22 weeks

So, Alan needs 22 weeks to have enough money to buy the new bicycle

He needs to deliver for 25 weeks more to have enough. Sooo is it right cuz I worked hard on it.

Select all correct answers
What are the solution to this equation
-7+(x^2-19)^3/4=20

Answers

Correct options are -10 and 10

-7 + (-10² - 19)³/⁴ = 20

-7 + (100 - 19)^3/4 = 20

-7 + (81)^3/4 = 20

-7 + 27 = 20

20 = 20

RHS = LHS

-7 + (10² - 19)^3/4 = 20

-7 + (100 - 19)^3/4 = 20

-7 + (81)^3/4 = 20

-7 + 27 = 20

20 = 20

RHS = LHS

Rest options are incorrect

Answered by Gauthmath must click thanks and mark brainliest

Answer:

B and C, so 10 and -10

Step-by-step explanation:

A normal distribution has a mean of 20 and a standard deviation of 4. Determine the z-score for the data value of 42.

Answers

Answer:

Z = (42-20)/4 = 5.5

Z = X-μ / σ

Step-by-step explanation:

The z-score for the data value of 42 is 5.5.

What is a z-score?

A z-score is defined as the fractional representation of data point to the mean using standard deviations.

Formula of z-score = (X - μ) / σ

Given,

μ = 20

σ = 4

X = 42

z-score = (X - μ) / σ

Substitute the values,

z-score =  (42-20)/4

z-score = 22/4

z-score =  5.5

Hence, the z-score for the data value of 42 is 5.5.

Learn more about z-score here:

brainly.com/question/13793746

#SPJ5

Select the correct answer.plz answer fast due at 11:59
What is the solution for x in the equation?

-4 + 5x − 7 = 10 + 3x − 2x

A. x=4/13

B. x=13/4

C. x=4/21

D. x=21/4

Answers

Question: -4 + 5x -7 = 10 + 3x -2x

⇒ 5x -11 = 10 + x

⇒ 5x - x = 10+11

⇒ 4x = 21

⇒ x = 21/4

Answer is Option D

x = 21/4

Must click thanks and mark brainliest

Five subtracted from seven times a number is 9. What is the number?

A) Translate the statement above into an equation that you can solve to answer this question. Do not solve it yet. Use
x
as your variable.

The equation is _____________


B) Solve your equation in part [A] for
Answer:
x=

Answers

Answer:

18

Step-by-step explanation:

7-5=2

2x9=18

7x2=14

14-5=9

9=7n-5

9=7n-5
9=7(2)-5
9=14-5
9=9

I could be wrong an misunderstood the entire thing, however I can reassure you 18 is not the answer as the question states “Five subtracted from seven times a number is 9”, therefore the final answer in part A) needs to equal 9.

y
Which point on the x-axis lies on the line that passes
through point C and is parallel to line AB?
5 4
C
NU
1
O (1,0)
O (1, 1)
0 (0, 2)
O (20)
А
54
214
2 3
4 5
х
h
B
3
4
ch

Answers

I think it's (2,0).

Because u use the slope of line AB to go down from point C until one of the answers are met.

The point on the x-axis that will make the line that passes through point C parallel to line AB is: D. (2, 0).

Slope of Parallel LinesTwo lines on a coordinate plane are parallel to each other if they have the same slope.Slope = change in y/change in x.

Slope of AB = -(3/6)

Slope of AB = -1/2

Slope of from point (2, 0) to point C(-2, 2):

Slope = (2 - 0)/(-2 - 2) = 2/-4

Slope = -1/2

Therefore, the point on the x-axis that will make the line that passes through point C parallel to line AB is: D. (2, 0).

Learn more about slope of parallel lines on:

https://brainly.com/question/10790818

please help! thanks!
find y.

Answers

Answer:

y = 4

Step-by-step explanation:

The ratio of the lengths of the sides of a 30-60-90 triangle is

1 : √3 : 2

The sides in this triangle are in the order:

y : 4√3 : x

y/1 = 4√3/√3

y = 4

Amy works 40 hours a week and gets paid 15.50 an hour. Tom works 40 hours a week and gets paid 10 an hour. How much does Amy earn per week? How much does Tom get pay for week?

Answers

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Answer:

  Amy: $620

  Tom: $400

Step-by-step explanation:

The pay for 40 hours (1 week) is 40 times the pay for 1 hour:

  Amy: 40 × $15.50 = $620 . . . . Amy's pay for 1 week

  Tom: 40 × $10.00 = $400 . . . . Tom's pay for 1 week

What is the x-coordinate of the point of intersection for the two lines below?
-6 + 8y = -6
7x -10y = 9

Answer choices
1.) -6
2.) -3
3.) 3
4.) 7

Answers

Answer:

c.

Step-by-step explanation:

If ‘BOXES’ is OBXSE, then BOARD is

Answers

9514 1404 393

Answer:

  OBADR

Step-by-step explanation:

The first two letters are swapped, and the last two letters are swapped.

  BOARD . . . becomes

  OBADR

Find the quotient of 90 over -10

Answers

90/-10

= 9/-1

= -9

So, -9 is the quotient.

Hi! The answer is -9 because 90/-10 = -9
I hope this helps you, Goodluck! :)

A right triangle has sides 20 and 48. Use the Pythagorean Theorem to find the length of the hypotenuse

Answers

Answer: Let the length of the hypotenuse be x

Applying the Pythagorean theorem we have :

x²=20²+48²

⇒x²=2704

⇒x=52( ∀ x >= 0 )

Step-by-step explanation:

Let assume the hypotenuse(longest side of right triangle) be x

By Pythagoras theorem

[tex] \bf \large \longrightarrow \: {c}^{2} \: = \: {a}^{2} \: + \: {b}^{2} [/tex]

c = xa = 20b = 48

Applying Pythagoras theorem

[tex] \bf \large \implies \: {x}^{2} \: = \: {20}^{2} \: + \: {48}^{2} [/tex]

[tex]\bf \large \implies \: {x}^{2} \: = \:400 \: + \: 2304[/tex]

[tex]\bf \large \implies \: {x}^{2} \: = \:2704[/tex]

[tex]\bf \large \implies \: \sqrt{x} \: = \: \sqrt{2704} [/tex]

[tex]\bf \large \implies \: \: x \: = \: 52[/tex]

Hence , the length of hypotenuse is 52.

3. Solve the system of equations using the elimination method.
5x + 2y = 9
-5x + 4y = 3

please give detailed steps!!

Answers

Answer:

x = 1

y = 2

Step-by-step explanation:

5x + 2y = 9

-5x + 4y = 3

==> 6y = 12 ==> y = 12/6 ==> y = 2.

we replace y by its value in the first or the second equation, so will have:

5x + 2×2 = 9

5x + 4 = 9

5x = 5

x = 1

The perimeter of a rectangular parking lot is 318m. If the width of the parking lot is 61m what is the length

Answers

Answer:

98 meters

Step-by-step explanation:

Simplify each side of the equation:

318 = 2(61+x)

318= (2)(61) + (2)(x)

318= 122 + 2x

Flip the equation:

2x + 122 = 318

Subtract 122 from each side:

2x + 122 − 122 = 318 − 122

2x = 196

Divide both sides by 2:

2x/2 = 196/2

x = 98

If a= 3 and b= 5; find
(a+b)

Answers

Answer: 3/8

Step-by-step explanation:

A=3

B=5

3/3+5=3/8

if f(x)=x+7 and 9(x)=1/x-13 what is the domain of (f•g)(x)

Answers

Answer:

The only limitation is x≠0

The interval notation is (-∞,0)∪(0,∞)

Step-by-step explanation:

Set up the expression.

[tex](x+7)*(\frac{1}{x}-13)[/tex]

Multiply using FOIL.

[tex](x*\frac{1}{x})+(x*-13)+(7*\frac{1}{x})+(7*-13)[/tex]

[tex]1-13x+\frac{7}{x}-91[/tex]

[tex]-13x+\frac{7}{x}-91[/tex]

Find the Domain.

The only limitation is x≠0

The interval notation is (-∞,0)∪(0,∞)

Find the length of FT

Answers

Step-by-step explanation:

Hey there!

From the given figure;

Angle FVT = 43°

VT = 53

Taking Angle FVT as reference angle we get;

Perpendicular (p) = FT = ?

Base (b) = VT = 53

Taking the of tan;

[tex] \tan( \alpha ) = \frac{p}{b} [/tex]

Keep all values and simplify it;

[tex] \tan(43) = \frac{ft}{53} [/tex]

0.932515*53 = FT

Therefore, FT= 49.423.

Hope it helps!

Answer:

A. 49.42

Step-by-step explanation:

tan 43 = FT ÷ VT

0.932515086 = FT ÷ 53

49.42 = FT

Question 7 of 10
What is the slope of the line described by the equation below?
y-9 = -2(x-8)

Answers

Answer:

The slope is -2 and a point on the line is (8,9)

Step-by-step explanation:

The equation is in point slope form

y -y1 = m(x-x1) where (x1,y1) is a point on the line and m is the slope

y-9 = -2(x-8)

The slope is -2 and a point on the line is (8,9)

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