User Account

All Pages

What is the probability that at least half of the rooms

Assignment Help Finance Basics
Reference no: EM131145806

A Florida Beach resort hotel has 150 rooms. In the spring months, hotel room occupancy is approximately 80%.

a) What is the probability that at least half of the rooms are occupied on a given day?

b) What is the probability that 125 or more rooms are occupied on a given day?

c) What is the probability that 115 or fewer rooms are occupied on a given day?

Let X be the hotel room occupancy

P (room occupied) = p = 0.80 and q =1 – p = 1 -0.80 = 0.20

Reference no: EM131145806

Questions Cloud

Use the irr approach to find the maximum shutdown costs : Use the IRR approach to find the maximum shutdown costs you could incur and still meet your cost of capital of 15% on this project.- Draw timeline and include all workings in your answer.
Illustrate the effect of such a policy mix on output : In 2001, the Fed pursued a very expansionary monetary policy. At the same time, President George W. Bush pushed through legislation that lowered income taxes.
Dana la fontsee opened pro window washing : Dana La Fontsee opened Pro Window Washing Inc. on July 1, 2012. During July the following transactions were completed.
Explain major components of an investment policy statement : List and explain the major components of an investment policy statement (IPS).- . Which of the following is least important as a reason for a written investment policy statement (IPS)? Why?
What is the probability that at least half of the rooms : A Florida Beach resort hotel has 150 rooms. In the spring months, hotel room occupancy is approximately 80%.a) What is the probability that at least half of the rooms are occupied on a given day? b) What is the probability that 125 or more rooms are ..
What is the ending balance for raw materials : What is the ending balance for raw materials? What is the ending balance for work in process? What is the ending balance for finished goods?
Explain the natural monopoly problem : There are several types of market imperfections. Explain the natural monopoly problem, the different manifestations of this phenomenon, and its results
During november the following summary transactions : Prepare an income statement and a retained earnings statement for November and a classified balance sheet at November 30.
Disinflation means that the rate of inflation is negative : The expectations-augmented Phillips curve is consistent with workers and firms adapting their expectations after the macroeconomic experience of the 1960s.

Reviews

Write a Review

Finance Basics Questions & Answers

  What risks does disher face if he sells his entire expected

what total revenue can he expect to receive in October? What type of hedge is this called? Which alternative (a or b) is preferred and why? What risks does Disher face if he sells his entire expected cotton crop in the futures market?

  Suppose the required reserve ratio were 10 of checkable

suppose the required reserve ratio were 10 of checkable deposits and the simple deposit multiplier applied. using

  What is the irr for project

You will save $295,000 before taxes per year in order processing costs, and you will be able to reduce working capital by $68,000 (this is a one-time reduction). If the tax rate is 34 percent, what is the IRR for this project? (Do not round interm..

  Mutually exclusive project l costs 37500and its expected

project s costs 15000 and its expected cash flows would be 4500per year for 5 years. mutually exclusive project l

  Cmpute the total taxes resulting from the sale of the

capital gain loss and recapture of depreciation. for each of the following cases compute the total taxes resulting

  You own a stock market portfolio that has a market beta of

you own a stock market portfolio that has a market beta of 2.4 but you are getting married to someone who has a

  What is effective leadership how do you know a leader is

what is effective leadership? how do you know a leader is effective or ineffective? what qualities make a leader

  Kasus dari operating lisses dan financial lisses

kasus dari operating lisses dan financial lisses

  Determine the current yield or cost of preferred stock

Ten years ago, Stigler Corporation issued $100 par value preferred stock yielding 8 percent. The preferred stock is now selling for $97 per share.

  Calculate the required rate of return on ordinary shares

Calculate the required rate of return on ordinary shares of the above two banks using Capital Asset Pricing Model.

  In a treasury auction of 21 billion par value 91-day

in a treasury auction of 2.1 billion par value 91-day t-bills the following bids were submitted. if only these

  Prepare financial statements for a variety of businesses

Prepare financial statements for a variety of businesses from trial balance, making appropriate adjustmentsPlease prepare the following financial statements1 -  Draw up a trial balance showing the balances as at the end of 31.3. 20x72 - Prepare a pro..

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

Submit Assignment

Academics

Major Subjects

Majors

Get In Touch

whatsapp: +1-415-670-9521

Phone: +1-415-670-9521

Email: [email protected]

TERMS & POLICIES

HELP & SUPPORT

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd