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vlabodo [156]
2 years ago
5

A hotel has 270 units. All rooms are occupied when the hotel changes $90 per day for a room. For every increase of x dollars in

the daily room rate, there are x rooms vacant. Each occupied room costs $28 per day to service and maintain. What should the hotel charge per day in order to maximize daily profit?
Mathematics
1 answer:
Brut [27]2 years ago
4 0
62 dollars i think tho i'm not very sure, sorry for not knowing exactly but god bless and have a good day/night/week/month/year/life <3
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The amount of time workers spend commuting to their jobs each day in a large metropolitan city has a mean of 70 minutes and a st
Xelga [282]

Answer:

81.85% of the workers spend between 50 and 110 commuting to work

Step-by-step explanation:

We can assume that the distribution is Normal (or approximately Normal) because we know that it is symmetric and mound-shaped.

We call X the time spend from one worker; X has distribution N(μ = 70, σ = 20). In order to make computations, we take W, the standarization of X, whose distribution is N(0,1)

W = \frac{X-μ}{σ} = \frac{X-70}{20}

The values of the cummulative distribution function of the standard normal, which we denote \phi , are tabulated. You can find those values in the attached file.

P(50 < X < 110) = P(\frac{50-70}{20} < \frac{X-70}{20} < \frac{110-70}{20}) = P(-1 < W < 2) = \\\phi(2) - \phi(-1)

Using the symmetry of the Normal density function, we have that \phi(-1) = 1-\phi(1) . Hece,

P(50 < X < 110) = \phi(2) - \phi(-1) = \phi(2) - (1-\phi(1)) = \phi(2) + \phi(1) - 1 =  \\0.9772+0.8413-1 = 0.8185

The probability for a worker to spend that time commuting is 0.8185. We conclude that 81.85% of the workers spend between 50 and 110 commuting to work.

Download pdf
7 0
2 years ago
You put some money in a bank account one year ago. you have not done anything with it since. the bank takes out a low balance fe
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x - $2.00 = $28

x -2 +2 = $28+2
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You would have started out with $30
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