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Q1. A restaurant has seven tables and only serves patrons with reservations. If more customers with reservations show up than number of available tables, the restaurant incurs a cost of $145 associated with customer ill will and lost future business. Each empty table costs restaurant $100 in lost profits. Historical records related to no shows indicate the following. What is an expected value of perfect information?
Q2. Are juveniles truly able of understanding the seriousness and consequences of their actions? If it is so, at what age are they capable of understanding?
Explain why sustainable development is an imperious way for tourism development in Mauritius Tourism is at the crossroads of economic, social and environmental considerations. What are the contributions and problems associated with tourism deve..
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Group reasons for no-show into categories for placing under the gate in a fault tree. If you have more than five reasons, consider consolidating some of the reasons into categories suitable for a fault tree.
Investing in infrastructure and marketing for tourism is often considered as a good strategy for boosting a nation's economy. (a) Critically analyse the above statement (b) Briefly explain the term Tourism Multiplier Effect
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