The Maple Grove Hotel Manager Has Collected Data on the Number

question 2

Multiple Choice

The Maple Grove Hotel manager has collected data on the number of rooms occupied each evening for the past 700 nights. The fewest rooms occupied during that period was 11 and the most was the capacity, 430. Based on this information, which of the following would be reasonable class limits for the first class if the manager wishes to use 8 classes to develop a frequency distribution?

• A) 0 to 40
• B) 10 to < 65
• C) 11 to 19
• D) 0 to 52.38

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Definitions:

Business Model

A framework outlining how a company creates, delivers, and captures value within its operational context.

Evidence

Information or facts that are used to support the validity of a statement, theory, or finding.

Infrastructure

The resources (people, technology, products, suppliers, partners, facilities, cash, etc.) that an entrepreneur must have in order to deliver the Customer Value Proposition (CVP).

Financial Viability

Defines the revenue and cost structures a business needs to meet its operating expenses and financial obligations.