A Revenue Optimization System Can Set a "Hurdle" Rate -

question 55

True/False

A revenue optimization system can set a "hurdle" rate - a rate above which the hotel will not price the room.

---

Definitions:

Population

The total set of observations or data points that can be made in a statistical study.

Matched Samples

Samples in which each data value of one sample is matched with a corresponding data value of the other sample.

Population Average

The mean or average of a set of data collected from the entire population under study.

Salary Information

Data or details regarding the amounts of money individuals are paid for their work or services.