View the characteristics. program the first time they stayed with one of the chain's hotels. Also, assume the restaurants are managed by a $100\%-$owned subsidiary of Simsbury.

Read the requirements. costs to individual rooms or specific loyalty programs. $($Round percentages to two decimal places.$)$

Characteristics

All new customers can sign up for the Simsbury Bronze Card$-$this card provides guests with a complimentary bottle of wine $($cost to the chain is $$4$ per bottle$),$ $$20$ in restaurant coupons $($cost to the chain is $$10),$ and $10\%$ off the nightly rate. The program enables the chain to track a member's stays and activities. Once a customer has stayed and paid for $15$ nights at any of the chain's locations worldwide, he or she is upgraded to Silver Customer status. Silver benefits include the bottle of wine $($cost to the chain is $$4$ per bottle$),$ $$34$ in restaurant coupons $($cost to the chain is $$17),$ and $20\%$ off every night from the twenty$-$first night on$.$ A customer who reaches the $40-$night level is upgraded to Gold Customer status. Gold status increases the nightly discount to $35\%$ and replaces the $$4$ bottle of wine with a bottle of champagne $($cost to the chain is $$20$ per bottle$).$ As well, $$44$ in restaurant coupons are granted $($cost to the chain is $$22).$ The average full price for one night's stay is $$210.$ The chain incurs variable costs of $$70$ per night, exclusive of loyalty program costs. Total fixed costs for the chain are $$80,200,000.$ Simsbury operates $8$ hotels with, on average, $500$ rooms each. All hotels are open for business $365$ days a year, and approximately average occupancy rates are around $75\%.$ The following are some of the statistics on the loyalty programs.

$\backslash$table$[[$Loyalty Program,Number of Customers,$\backslash$table$[[$Average Number of$],[$Nights per Customer$]]],[$Gold$,2,559,45],[$Silver$,8,630,35],[$Bronze$,87,980,5],[$No program,$201,200,1]]$

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