Park Hyatt Philadelphia at the Bellevue, located at Walnut and Broad in downtown Philadelphia has a capacity of 240 king rooms. Customers of Hyatt are typically either leisure travelers or business customers. Hyatt charges a discount fare of $125 for a midweek stay (but requires booking a week in advance) which contrast the regular fare of $275. Typically, business customers book in the last minute, and are willing to pay the regular fare, if they can be guaranteed accommodation. Suppose we are interested in the bookings in Park Hyatt on August 6th (the day of our final exam). Hyatt knows that there are plenty of leisure travelers, willing to pay the low fares. However, all else being equal, Hyatt would like to fill those rooms with the high-fare travelers. The objective of Hyatt is to maximize the sum of revenue from both sections of the travelers. If Hyatt followed the ‘booking limit policy’, by reserving some rooms for last-minute business customers, how many rooms should it reserve? Assume that there is ample demand of leisure customers willing to pay the discount fare, and the number of business customers is normally distributed, with mean 50 and standard deviation 26. (6 points)

In this problem, we explore the effect on the standard deviation of multiplying each data value in a data set by the same constant. consider the data set 14, 6, 8, 15, 15. (a) use the defining formula, the computation formula, or a calculator to compute s. (round your answer to one decimal place.) s = 4.28 (b) multiply each data value by 3 to obtain the new data set 42, 18, 24, 45, 45. compute s. (round your answer to one decimal place.) s = 12.83 (c) compare the results of parts (a) and (b). in general, how does the standard deviation change if each data value is multiplied by a constant c? multiplying each data value by the same constant c results in the standard deviation remaining the same. multiplying each data value by the same constant c results in the standard deviation being |c| times as large. multiplying each data value by the same constant c results in the standard deviation increasing by c units. multiplying each data value by the same constant c results in the standard deviation being |c| times smaller. (d) you recorded the weekly distances you bicycled in miles and computed the standard deviation to be s = 3.8 miles. your friend wants to know the standard deviation in kilometers. do you need to redo all the calculations? yes no given 1 mile ≠1.6 kilometers, what is the standard deviation in kilometers? (enter your answer to two decimal places.)