Las Vegas has seen increased competition from Singapore and Macau for customers in the casino resort industry. One measurement of success is the average length of stay by visitors. The data in this file show the number of days a random sample of visitors stayed at each location. a. Using α = 0.05 to determine if there is a difference in the average length of stay by visitors for the three locations. Follow the steps as outlined in the exercises. b. If warranted, perform a multiple comparison test to determine which pairs are different using α = 0.05. c. Verify your results using Excel.
Inverse Normal Distribution
The method used for finding the corresponding z-critical value in a normal distribution using the known probability is said to be an inverse normal distribution. The inverse normal distribution is a continuous probability distribution with a family of two parameters.
Mean, Median, Mode
It is a descriptive summary of a data set. It can be defined by using some of the measures. The central tendencies do not provide information regarding individual data from the dataset. However, they give a summary of the data set. The central tendency or measure of central tendency is a central or typical value for a probability distribution.
Z-Scores
A z-score is a unit of measurement used in statistics to describe the position of a raw score in terms of its distance from the mean, measured with reference to standard deviation from the mean. Z-scores are useful in statistics because they allow comparison between two scores that belong to different normal distributions.
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