Hotel Occupancy Rate The occupancy rate of the all-suite Wonderland Hotel, located near a amusement park, is given by the function
r(t) =
percent, where t is measured in months and t= 0 corresponds to the beginning of January. Management has estimated that the monthly revenue (in thousands of dollars) is approximated by the function
where r (percent) is the occupancy rate.
- a. What is the hotel's occupancy rate at the beginning of January? At the beginning of June?
- b. What is the hotel's monthly revenue at the beginning of January? At the beginning of June?
Hint: Compute R(r (0)) and R(r(5)).
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Chapter 2 Solutions
Applied Calculus for the Managerial, Life, and Social Sciences: A Brief Approach
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