Essays on City Centre

Abstract

The Eden Hotel Apartment project is a new service apartment concept for central Dublin. Dublin and Ireland as a whole are experiencing a resurgence in economy; with this resurgence has come the desire and market demand for more service hotel options in the city. This document includes the concept proposal associated with this particular project as well as market analysis, partnership information, and financing information that is prescient for the market this project would enter into in the city of Dublin. Financially, designing and implementing a service apartment project is a large task, but the foundational basis for this ...

1(a) What is meant by the term random sample (line 34)?

The term random sample means a part of a population chosen for investigation without following any specific scientific pattern. The elements of the sample are chosen without following a definite pattern.

1(b) State the formula for calculating ‘market share’ percentage (line 50)?

Market share percentage=

1 (c) Tom believes that the level of spending per visit by his customers will stay the same in 2011 and 2012. Based on the information in the case study, how many customers is he anticipating in 2012?

Number of customers expected=8350 customers.

1( ...

AQA Business Studies Unit 1

Question 1

(a). What is meant by the term random sample?

A sample is an item chosen from the total population, which is being studied. Therefore, a random sample is the number chosen, and it involves components that are unpredictable. This is selection of a few items to represent the entire population. The sample chosen does not represent the population from which it was drawn. This was an estimate done through survey and information from franchisors, which Tom estimated that it would be about 77000 customers in the first year according to his analysis (Dayananda, et. al. 56).

Random sample can be ...