Hotel Occupancy Rate The occupancy rate of the all-suite Wonderland Hotel, located near a amusement park, is given by the function
r(t) =
percent, where t is measured in months and t= 0 corresponds to the beginning of January. Management has estimated that the monthly revenue (in thousands of dollars) is approximated by the function
where r (percent) is the occupancy rate.
- a. What is the hotel's occupancy rate at the beginning of January? At the beginning of June?
- b. What is the hotel's monthly revenue at the beginning of January? At the beginning of June?
Hint: Compute R(r (0)) and R(r(5)).
Trending nowThis is a popular solution!
Chapter 2 Solutions
Applied Calculus for the Managerial, Life, and Social Sciences: A Brief Approach
- Digital cameras A company that produces and sells digital cameras has determined that the total weekly cost C of producing x digital cameras is given by the function C(x)=1.5x2150x+4850. Determine the production level that minimizes the weekly cost for producing the digital cameras and find that weekly minimum cost.arrow_forwardGrazing Kangaroos The amount of vegetation eaten in a day by a grazing animal V of food available measured as biomass, in units such as pounds per acre. This relationship is called the functional response. If there is little vegetation available, the daily intake will be small, since the animal will have difficulty finding and eating the food. As the amount of food biomass increases, so does the daily intake. Clearly, though, there is a limit to the amount the animal will eat, regardless of the amount of food available. This maximum amount eaten is the satiation level. a.For the western grey kangaroo of Australia, the functional response is G=2.54.8e0.004V, where G=G(V) is the daily intake measured in pounds and V is the vegetation biomass measured in pounds per acre. i. Draw a graph of G against V. Include vegetation biomass levels up to 2000 pounds per acre. ii. Is the graph you found in part i concave up or concave down? Explain in practical terms what your answer means about how this kangaroo feeds. iii. There is a minimal vegetation biomass level below which the western grey kangaroo will eat nothing. Another way of expressing this is to say that the animal cannot reduce the food biomass below this level. Find this minimal level. iv. Find the satiation level for the western grey kangaroo. b. For the red kangaroo of Australia, the functional response is R=1.91.9e0.033V, Where R is the daily intake measured in pounds and V is the vegetation biomass measured in pounds per acre. i. Add the graph of R against V to the graph of G you drew in part a. ii. A simple measure of the grazing efficiency of an animal involves the minimal vegetation biomass level described above: The lower the minimal level for an animal, the more efficient it is at grazing. Which is more efficient at grazing, the western grey kangaroo or the red kangaroo?arrow_forwardWater Flea F. E Smith has reported on population growth of the water flea. In one experiment, he found that the time t, in days, required to reach a population of N is given by the relation e0.44t=NN0(228N0228N)4.46. Here N0 is the initial population size. If the initial population size is 50, how long is required for the population to grow to 125?arrow_forward
- Algebra & Trigonometry with Analytic GeometryAlgebraISBN:9781133382119Author:SwokowskiPublisher:CengageFunctions and Change: A Modeling Approach to Coll...AlgebraISBN:9781337111348Author:Bruce Crauder, Benny Evans, Alan NoellPublisher:Cengage Learning
- College Algebra (MindTap Course List)AlgebraISBN:9781305652231Author:R. David Gustafson, Jeff HughesPublisher:Cengage Learning