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Question 1: The Excel file Graduates' Inn Guest provides a list of customers, rooms they occupied, arrival and departure dates, number of occupants, and daily rate for a small bed-and-breakfast inn during one month. Room rates are the same for one or two guests; however, additional guests must pay an additional amount (based on the room as shown in the table below) per person per day for meals and other miscellaneous expenses. Guests staying for seven days or more receive a 10% discount (applied to revenue per party transaction).
Room Type Additional cost/person/day
Ocean $35
Bay-Window $30
Side $20
Guest First NameGuest Last Name Room Room Type Arrival Date Departure Date No of Guests Daily Rate
Barry
Lloyd Hayes Bay-window 2018/12/1
2018/12/4
2
$150 00
Michael
Lunsford Cleveland Ocean 2018/12/1
2018/12/9
3
$112 50
Kim
Kyuong Coolidge Bay-window 2018/12/4
2018/12/7
1
Edward
Hoe Washington Ocean 2018/12/1
2018/12/3
4
$325 00
Thomas
Collins Lincoln Ocean 2018/12/9
2018/12113
$300 00
Paul
Bodkin Coolidge Bay-window 2018/12/1
Randal
Banenburg
Washngton Ocean 2018/12/4
2018/12/12
$292 50
CaMn
teawotney
Lincoln Ocean
2018/12/2
$300 DO
Homer
Gonzalez
2018/12/5
5
$320 00
David
Sanchez
Jefferson Bay-window 2018/12/5
$175 00
Buster
Whsler
Jackson Ocean 2018/12/5
2018/12/8
$250 00
Aka
Martins
Reagan
Bay-window 2018112/10
2018/12/15
Samuel
Ken
Truman
Side 2018/12/20
2018/12/30
Arthur
Gottfried Garfield Side 2018/12/13
$125 00
Darlene
Shore
Ocean 2018/12/24
2018/12/31
$198 00
Carlyle
Charleston
Quncy Adams
Bay-window 2018/12/3
2018/12/6
Albert
Goldstone Johnson Ocean 2018/12/5
Charlene
Tgson Van Buren Bay-window 2018/12/5
Everett
Chad
Madison
Ocean 2018112/10
2018/12/14
$27500
Gerald
Pittsfield
Roosevelt
Ocean 2018/12/5
$275 00
Jamal
Snsth Tyler Bay-window 2018/12/20
2018/12/23
Lous
Paris
Jackson Ocean
2018/12/10
2018/12114
$250 DO
Nigel
Stratford
Eisenhower Ocean
2018/12/16
$200 00
Peter
Willington Grant Ocean 2018/12/19
2018/12/21
Ronald
Cartier
Jefferson
Bay-window 2018/12/24
2018/12/28
$175 DO
Trista
Leven
Eisenhower
Ocean 2018/12/17
2018/12/20
Valene
Snell
Adams
Walter
Acton Polk Side 2018/12/24
6
$148 50
Xavier
Trezza McKinley Side 2018/12/14
2018/12/17
Hubbard argues that the Fed can control the Fed funds rate, but the interest rate that is important for the economy is a longer-term real rate of interest. How much control does the Fed have over this longer real rate?
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