Hitz Video Rental Is Evaluating Rental Prices The Store Manager Wants to Charge More for Rentals on Friday

question 17

Multiple Choice

Hitz Video Rental is evaluating rental prices.Historical data show that Friday and Saturday have twice the rentals of other days of the week.The following information pertains to the store's normal operations per week: $\begin{array}{lr}\text { Average rentals per day on Friday and Saturday } & 1,150 \\\text { Average rentals per day on Sunday through Thursday } & 500 \\\text { Store hours per day } & 12 \\\text { Total units available for rent } & 10,000\\\\\text { Variable operating costs per hour } & \$ 40 \\\text { Marketing costs per week } & \$ 1,500 \\\text { Customer service costs per week } & \$ 250\end{array}$ The store manager wants to charge more for rentals on Friday and Saturday.What is the minimum price that should be charged during peak rental days?

• A) $0.60
• B) $0.83
• C) $0.90
• D) $1.07

---

Definitions:

Sentinel Event

A sentinel event is a significant, unexpected occurrence involving death or serious physical or psychological injury, or the risk thereof, which necessitates immediate investigation and response.

Prolonged Fluoroscopy

A medical imaging technique that uses continuous x-ray exposure for an extended period, often for complex interventions or procedures.

Unintended Retention

A situation where items, information, or conditions are kept or continue to exist unintentionally, often leading to adverse effects.

Special-Cause Variation Chart

A tool used in quality control to identify and analyze unexpected, non-random sources of variation in a process or system.