1) Calculate a 95 % confidence interval for the difference in satisfaction rates between The Palms and Golden Sands (Show work) 2) Use the critical value approach to test, at a 1% significance level, whether or not the guest satisfaction rates are different between the two hotels. What do you conclude ? (In your answer, show the steps involved with testing) 3) What is the p-value of your test in part 2?
1) Calculate a 95 % confidence interval for the difference in satisfaction rates between The Palms and Golden Sands (Show work) 2) Use the critical value approach to test, at a 1% significance level, whether or not the guest satisfaction rates are different between the two hotels. What do you conclude ? (In your answer, show the steps involved with testing) 3) What is the p-value of your test in part 2?
MATLAB: An Introduction with Applications
6th Edition
ISBN:9781119256830
Author:Amos Gilat
Publisher:Amos Gilat
Chapter1: Starting With Matlab
Section: Chapter Questions
Problem 1P
Related questions
Question

Transcribed Image Text:Suppose you are the manager of two beachfront
hotels : The Palms and Golden Sands. You'd like
to know if there is a difference in guest satisfaction
between the two hotels. To investigate this, you
conduct a survey and ask guests upon departure if
they are likely to return to the hotel in the future.
For The Palms, 163 out of 227 guests who were
surveyed responded " yes ". For Golden Sands,
154 out of 262 guests responded "yes ". Answer
the following questions. Round any numbers in
your final answers to 2 decimals.
1) Calculate a 95 % confidence interval for the
difference in satisfaction rates between The Palms
and Golden Sands (Show work)
2) Use the critical value approach to test, at a 1%
significance level, whether or not the guest
satisfaction rates are different between the two
hotels. What do you conclude ? (In your answer,
show the steps involved with testing)
3) What is the p-value of your test in part 2?
Expert Solution

This question has been solved!
Explore an expertly crafted, step-by-step solution for a thorough understanding of key concepts.
This is a popular solution!
Trending now
This is a popular solution!
Step by step
Solved in 4 steps with 3 images

Recommended textbooks for you

MATLAB: An Introduction with Applications
Statistics
ISBN:
9781119256830
Author:
Amos Gilat
Publisher:
John Wiley & Sons Inc

Probability and Statistics for Engineering and th…
Statistics
ISBN:
9781305251809
Author:
Jay L. Devore
Publisher:
Cengage Learning

Statistics for The Behavioral Sciences (MindTap C…
Statistics
ISBN:
9781305504912
Author:
Frederick J Gravetter, Larry B. Wallnau
Publisher:
Cengage Learning

MATLAB: An Introduction with Applications
Statistics
ISBN:
9781119256830
Author:
Amos Gilat
Publisher:
John Wiley & Sons Inc

Probability and Statistics for Engineering and th…
Statistics
ISBN:
9781305251809
Author:
Jay L. Devore
Publisher:
Cengage Learning

Statistics for The Behavioral Sciences (MindTap C…
Statistics
ISBN:
9781305504912
Author:
Frederick J Gravetter, Larry B. Wallnau
Publisher:
Cengage Learning

Elementary Statistics: Picturing the World (7th E…
Statistics
ISBN:
9780134683416
Author:
Ron Larson, Betsy Farber
Publisher:
PEARSON

The Basic Practice of Statistics
Statistics
ISBN:
9781319042578
Author:
David S. Moore, William I. Notz, Michael A. Fligner
Publisher:
W. H. Freeman

Introduction to the Practice of Statistics
Statistics
ISBN:
9781319013387
Author:
David S. Moore, George P. McCabe, Bruce A. Craig
Publisher:
W. H. Freeman