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The Royel Canadien Lodge in Banff, Alberte, has accumulated records of the total electrical costs of the hotel and the number of occupancy - days
The Royel Canadien Lodge in Banff, Alberte, has accumulated records of the total electrical costs of the hotel and the number of occupancydays over the last year. An occupancy day represents a room rented out for one day. The hotel's business is highly seasonal, with peaks occurring during the ski season and in the summer.MonthOccupancyDaysElectrical Costs$MmmwaOctoberNovemberDecemberRequired: Using the highlow method, estimate the fixed cost of electricity per month and the variable cost of electricity per occupancyday. Round the fixed cost to the nearest whole dollar and the variable cost to the nearest whole cent What factors other than occupancydays are likely to affect the monthly variation in electrical costs?
The Royel Canadien Lodge in Banff, Alberte, has accumulated records of the total electrical costs of the hotel and the number of occupancydays over the last year. An occupancy day represents a room rented out for one day. The hotel's business is highly seasonal, with peaks occurring during the ski season and in the summer.MonthOccupancyDaysElectrical Costs$MmmwaOctoberNovemberDecemberRequired: Using the highlow method, estimate the fixed cost of electricity per month and the variable cost of electricity per occupancyday. Round the fixed cost to the nearest whole dollar and the variable cost to the nearest whole cent What factors other than occupancydays are likely to affect the monthly variation in electrical costs?
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