1. What are the sources of data for hospitality sector? Explain in brief how you will plan a sample survey for collection of data.

2. What is the need for having accurate statistics in the case of hospitality sector? What are the sources of non-sampling errors in data collection? How do you minimise them

What is meant by correlation? What are the properties of correlation co-efficient

Calculate correlation co-efficient from the following data:

x 2 5 6 8 9
Y 8 11 9 8 14

What are the important issues that one should take care of while preparing a feasibility study?

Prepare a feasibility report for setting up a ticketing agency.

5. Write short notes on the following (any two)

Pie diagram

Histogram

Multiple bar diagram

6. What is meant by price elasticity of demand? How do you interpret it? What are the factors that influence price elasticity

7. What are the characteristics of a perfectly competitive market? How does a firm achieve equilibrium under perfect competition

8. What is meant by balance of payment? In what respects is it different from balance of trade

9. What is meant by economic cost? In what respects is it different from accounting cost Explain in brief the types of costs involved in hotel industry.

10. Write short notes on the following (any two)

Monopoly

Monopolistic Competition

Opportunity Cost