Answer to Question #83668 in Statistics and Probability for MANOHAR KISAN UMARATHKAR

Question

A hotel managment planning to add another 700 room gotel to their chain. existing occupancy has been found to be an avarage of 70% on annual basis. it has been estimated that cist per room per annum is rs 20000. following data baswd on demand at similar hotel of tgr chain has been tabulated a) Prepare a pay off table for a xomplex with 500, 600, and 700 rooms b) Advise managment as rhe number of rooms it should construct under new propsal c) how to utilize spare capacity due to poor accupay rate.


Table

Season no of days Daily demand Avarage cost per occupied room per day


Peak Season 210 700 100

Noram Season 130 600 85

Slack Season 90 500 65

Answer 1

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