Restaurants in London,Paris,and New York Want Diners to Experience Eating

question 51

Essay

Restaurants in London,Paris,and New York want diners to experience eating in pitch darkness to heighten their senses of taste and smell (Vanity Fair,December 2011).Suppose 400 people were asked,"If given the opportunity,would you eat at one of these restaurants?" The accompanying contingency table,cross-classified by age,would be produced. a.What is the probability that a respondent would eat at one of these restaurants?
b.What is the probability that a respondent would eat at one of these restaurants or is in the 30-44 age bracket?
c.Given that the respondent would eat at one of these restaurants,what is the probability that he or she is in the 30-44 age bracket?
d.Is whether a respondent would eat at one of these restaurants independent of one's age? Explain using probabilities.

Identify and explain the characteristics of distributive and integrative bargaining.

Recognize the importance and implications of having a BATNA in negotiations.

Understand the concept of ZOPA and its importance in successful negotiations.

Distinguish between various bargaining strategies and their suitability to different negotiation contexts.