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Optimization Basics :Increasing Real Estate Management Profits: Harnessing Data Analytics (Excel to MySQL: Analytic Techniques for Business Specialization) Answers 2025

✅ Answers

  1. Using the Solver Revenue Maximization Guide Worksheet, and setting the slope, Beta, to -0.01, and the Y-intercept, Alpha, to 0.99: What is the optimal rent to maximize revenues?
    ✔ $59.00
    ❌ $48.50
    ❌ $59.50
    ❌ $49.50

  2. Using the Solver Revenue Maximization Guide Worksheet, and setting the slope, Beta, to -0.01, and the Y-intercept, Alpha, to 0.99: What is the Optimal Occupancy rate?
    ✔ 45.9%
    ❌ 49.0%
    ❌ 45.0%
    ❌ 49.5%

  3. Using the Solver Revenue Maximization Guide Worksheet, and setting the slope, Beta, to -0.01, and the Y-intercept, Alpha, to 0.99: What is the Forecast maximum annual revenues?
    ✔ $8,943.41
    ❌ $8,943.00
    ❌ $3,498.41
    ❌ $8,443.41

📄 Summary

Question Answer Notes / Summary
Q1 $59.00 Optimal rent maximizes revenue based on linear demand function with Beta = -0.01 and Alpha = 0.99.
Q2 45.9% Occupancy rate at optimal rent, calculated using the linear demand equation.
Q3 $8,943.41 Forecasted maximum annual revenue achieved at optimal rent and occupancy.