You run a hotel with 626 rooms. You currently have 467 rooms reserved for a particular upcoming weekend. Historical trends indicate that this far out from the date in question, your booking rate is probably 54%. If you think

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You run a hotel with 626 rooms. You currently have 467
rooms reserved for a particular upcoming weekend.
Historical trends indicate that this far out from the date in
question, your booking rate is probably 54%. If you think
you will have a materialization rate of 83%, do you expect
to have enough rooms for the upcoming weekend?
a) You expect to be have more than 10 rooms
unused.
b) You expect to be within 10 rooms of being
exactly full.
You expect to have more than 10 guests with no
rooms.
Transcribed Image Text:You run a hotel with 626 rooms. You currently have 467 rooms reserved for a particular upcoming weekend. Historical trends indicate that this far out from the date in question, your booking rate is probably 54%. If you think you will have a materialization rate of 83%, do you expect to have enough rooms for the upcoming weekend? a) You expect to be have more than 10 rooms unused. b) You expect to be within 10 rooms of being exactly full. You expect to have more than 10 guests with no rooms.
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