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