A Convention Planning Service Has Identified Three Suitable Hotels for a Convention

question 79

Multiple Choice

A convention planning service has identified three suitable hotels for a convention. The quoted room rates are for single, double, triple, and quadruple occupancy. The current cost for each type of room at each hotel is represented by the matrix $A$ $A = \left[ \begin{array} { l l l } 85 & 91 & 98 \\95 & 103 & 110 \\103 & 109 & 120 \\113 & 121 & 129\end{array} \right]$ where the columns correspond to each hotel and the rows correspond to single, double, triple, and quadruple occupancy respectively. If room rates are guaranteed not to increase by more than 10% by the time of the convention, what is the maximum rate per room per hotel?

• A) \(\left[ \begin{array} { l l l }
• 93.50 & 100.10 & 98.00 \\
• 104.50 & 113.30 & 110.00 \\
• 113.30 & 119.90 & 120.00 \\
• 124.30 & 133.10 & 129.00
• \end{array} \right]\)
• B) \(\left[ \begin{array} { l l l }
• 93.50 & 100.10 & 107.80 \\
• 104.50 & 113.30 & 121.00 \\
• 103.00 & 109.00 & 120.00 \\
• 113.00 & 121.00 & 129.00
• \end{array} \right]\)
• C) \(\left[ \begin{array} { l l l }
• 93.50 & 100.10 & 107.80 \\
• 104.50 & 113.30 & 121.00 \\
• 113.30 & 119.90 & 132.00 \\
• 124.30 & 133.10 & 141.90
• \end{array} \right]\)
• D) \(\left[ \begin{array} { l l l }
• 93.50 & 91.00 & 107.80 \\
• 104.50 & 103.00 & 121.00 \\
• 113.30 & 109.00 & 132.00 \\
• 124.30 & 121.00 & 141.90
• \end{array} \right]\)
• E) \(\left[ \begin{array} { l l l }
• 85.00 & 100.10 & 107.80 \\
• 95.00 & 113.30 & 121.00 \\
• 103.00 & 119.90 & 132.00 \\
• 113.00 & 133.10 & 141.90
• \end{array} \right]\)

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Definitions:

Extreme-value Retailers

Stores that provide products at significantly lower prices than those of their competitors, often focusing on discount or budget items.

General Merchandise

A broad category of products that encompasses a wide variety of goods, often sold by large retail chains.

Low-income Customers

Individuals or households with minimal disposable income, representing a consumer segment that may require specifically tailored marketing approaches.

Warehouse Environments

Settings or spaces designed for the storage, handling, and management of goods and materials, often including facilities and equipment for efficient inventory control and distribution.