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Originally posted by Sajjad1994 on 21 Mar 2021, 22:00.
Last edited by BottomJee on 26 Nov 2023, 05:50, edited 4 times in total.
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The attached chart shows data for 5 hotels that account for all rooms booked on a particular Caribbean island. The size of each circle shows the percentage of all rooms booked on the island for each hotel in 2017 and that value is given beside each resort name. The position of each circle’s center to the vertical axis shows the number of different nationalities that stayed at the hotel in the year, and the position relative to the horizontal axis shows the revenues in thousands of U.S. dollars for the year for the rooms booked. For each of the following, use the drop-down menu to create the most accurate statement on the basis of the chart:
1. The average revenue per room at Mountain View Hotel is approximately of the average revenue per room at Point Lookout Hotel.
2. It is that the three hotels with the greatest number of nationalities booking rooms with them in 2017 accounted for more than half of the rooms booked on the island.
1. The average revenue per room at Mountain View Hotel is approximately 25% of the average revenue per room at Point Lookout Hotel.
Average cost per guest would be total revenue/number of guests. Point lookout has about twice as much revenue and about half as many guests as Mountain View, therefore the average revenue would be about 4 times greater than the Mountain view. This could be expressed as Mountain view = R/N Point Lookout =2R/.5N = 4R/N
2. It is False that the three hotels with the greatest number of nationalities booking rooms with them in 2017 accounted for more than half of the rooms booked on the island.
The three circles highest on the vertical axis represent the greatest number of nationalities. If you total the percentages in these circles, they do not total to greater than 50%. In fact, the two circles with the fewest nationalities account for about 57% of bookings.
1. The average revenue per room at Mountain View Hotel is approximately 25% of the average revenue per room at Point Lookout Hotel.
Average cost per guest would be total revenue/number of guests. Point lookout has about twice as much revenue and about half as many guests as Mountain View, therefore the average revenue would be about 4 times greater than the Mountain view. This could be expressed as Mountain view = R/N Point Lookout =2R/.5N = 4R/N
2. It is False that the three hotels with the greatest number of nationalities booking rooms with them in 2017 accounted for more than half of the rooms booked on the island.
The three circles highest on the vertical axis represent the greatest number of nationalities. If you total the percentages in these circles, they do not total to greater than 50%. In fact, the two circles with the fewest nationalities account for about 57% of bookings.
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But the calculation should be revenue per room right not revenue per guest as per question???
I think they meant rooms, it makes sense to assume 2x guests for 2x rooms but theres no need to overcomplicate the variables.
iamchinu97
ShenotShih1017
1. The average revenue per room at Mountain View Hotel is approximately 25% of the average revenue per room at Point Lookout Hotel.
Average cost per guest would be total revenue/number of guests. Point lookout has about twice as much revenue and about half as many guests as Mountain View, therefore the average revenue would be about 4 times greater than the Mountain view. This could be expressed as Mountain view = R/N Point Lookout =2R/.5N = 4R/N
2. It is False that the three hotels with the greatest number of nationalities booking rooms with them in 2017 accounted for more than half of the rooms booked on the island.
The three circles highest on the vertical axis represent the greatest number of nationalities. If you total the percentages in these circles, they do not total to greater than 50%. In fact, the two circles with the fewest nationalities account for about 57% of bookings.
But the calculation should be revenue per room right not revenue per guest as per question???