1. Define and explain these terms. Be clear! (9 pts) a. Average Daily Rate b. Occupancy percentage c. RevPar 2. Hotel X sold 400 rooms and had a room revenue of $50,000 for a given time period.. What is their ADR? You must provide the formula to get full credit. (7 pts) 3. Hotel Y sold 400 of its 500 available rooms for a given time period. What is their Occupancy Percentage? You must provide the formula to get full credit. (7 pts) 4. Hotel Z has an ADR of $150 and Occupancy Percentage of 65% for a given time period. What is their RevPar? You must provide the formula to get full credit. (7 pts)