Reference no: EM13190878
The Following table shows the regression coefficient (B) and the t-statistics (T) for the variables influencing business traveler demand for hotel rooms (including hotel prices and attributes) from the study
Business Traveler Demand for Hotel Rooms
Attributes B (t)
Price (S/night) -0.0.346 (8.83)
Room quantity 1,258 (5,92)
1= average
2= finest
Quantity of public areas 0.227 (0.88)
1= average
2= finest
Check - in time (minutes) -0.036 (-1.50)
Guaranteed Reservation 1.227 (4.88)
1= no
2= yes
General Staff performance 0.169 (0.74)
1= average
2= yes
Frequent guest programs 0.37 (1.52)
1=no
2=yes
Availability of nonsmoking floors 0.359 (2.29)
1 = no
2= yes
Availability of free parking 0.969 (4.61)
1= no
2= yes
Source: Raymond S. Hartman, "Hedonic Methods for Evaluating Product Design and Pricing Strategies, "Journal of Economics and Business 41 (1989): 197 - 212 Reprinted by permission.
Which characteristics are most and least important in influencing business traveler demand for hotel rooms?
|
At what output is average product maximized
: From the information in the table, calculate marginal and average products. Graph the three functions (put total product on one graph and marginal and average products on another). For what range of output does this function have diminishing marginal..
|
|
For how many miles did he drive the truck
: Tony rented a truck for one day. There was a base fee of $14.95 , and there was an additional charge of 99 cents for each mile driven. Tony had to pay $147.61 when he returned the truck. For how many miles did he drive the truck?
|
|
How many milliliters is needed in concentration of water
: how many milliliters of 5M MgCl2 must be added to 25ml of 0.5M MgCl2 to produce 1500mL with a final MgCl2 concentration of 1.75M?
|
|
Active directory infrastructure
: Identify and describe the processes in creating, modifying and managing user accounts, creating groups, managing groups and resources.
|
|
Define influencing business traveler demand for hotel rooms
: The Following table shows the regression coefficient (B) and the t-statistics (T) for the variables influencing business traveler demand for hotel rooms (including hotel prices and attributes) from the study.Which characteristics are most and least..
|
|
Using washburn guitars
: In Washburn's factory, what is the break-even point for the new line of guitars if the retail price is $349? Using Washburn guitars, explain shifting the demand curve versus moving along the demand curve.
|
|
Explain the role of client - server
: Identify and describe the processes involved in the Windows Client Server environment - Explain the role of client/server in the networking environment.
|
|
Describe five ways a leader might motivate employees.
: Describe five ways a leader might motivate employees. Using the nine points about motivation from our book, please explain how employee motivation and company success are related.
|
|
Define what is the new freezing point of a solution
: What is the new freezing point of a solution with 100.g of CaCl2 in every kg of water? The Kf of water is 1.86 degrees celsius/m. Solve the problem.
|