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A hotel near St. Thomas always fills up on the evening before football games. Historical data tells us that when the hotel is fully booked, the number of last minute cancellations has a mean of 6 and a standard deviation of 4. The average room rate $100. When the hotel is overbooked, the policy is to find a room in a nearby hotel and pay the room for the customer. This usually costs the hotel on average $200 since rooms booked on such late notice are very expensive.
How many rooms should the hotel overbook?
For the hotel to be 90% sure that they do not have a single room unoccupied, how many rooms should the hotel overbook?
Imagine you were the CEO of a major company. What approach to global competition would you choose for your firm: international, multinational, global, or transnational? Why?
Most trucking firms, including BJ Hauling Corporation, use 65-foot-long trailer trucks to ship commodities on the highway system of the United States.
The client and your target complex verbal behavior(s), An analysis of the elementary and complex verbal behaviors and operants that currently exists in your client's repertoire
creates strategic and operational plans based on the SWOT analysis
If you were going to provide a product or service to the market, what would be your product? What price would you use to enter the market? Where would you place your product to make it accessible to customers? How would you promote (target market) yo..
A manufacturer is considering adding a new facility to keep up with demand. The location being considered will have fixed cost of $15000.00 per month and variable costs of $15.00 per unit. The selling price will be $25.00 per unit. Show all wor..
the various roles of managers and individuals in the change process. Include an examination of the two types of change agents as well as and a manager's role in combating resistance and championing change.
Consider the log-normal asset price model with S0 = $80, sigma = 30%, and r = 6%. Construct (a) a delta-gamma neutral portfolio anti (b) a delta-rho neutral portfolio to hedge a short position on 500 calls expiring after 90 clays with strike price..
The taxpayer Assistance Center (TAC) is a division of the IRS which provides free assistance to individuals to help them in the preparations of their tax returns. The number of individuals that receive assistance (q), is a function of the number of p..
A call center employs 960 agents. Every month 60 employees leave the company and 60 new employees are hired. a. How long on average does an agent work for this call center?
What are the objectives of work-center scheduling?
Discuss the diversity-consensus dilemma, including when it is most likely to occur and one possible strategy that a group leader can take to work through the dilemma.
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