Essentials of Statistics for Business and Economics
9th Edition
ISBN: 9780357118191
Author: David R. Anderson, Dennis J. Sweeney, Thomas A. Williams
Publisher: Cengage Learning US
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Textbook Question
Chapter 10.2, Problem 15E
Hotel Prices. Hotel room pricing changes over time (Lodging Magazine), but is there a difference between Europe hotel prices and U.S. hotel prices? The file IntHotels contains changes in the hotel prices for 47 major European cities and 53 major U.S. cities.
- a. On the basis of the sample results, can we conclude that the mean change in hotel rates in Europe and the United States are different? Develop appropriate null and alternative hypotheses.
- b. Use α = .01. What is your conclusion?
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Chapter 10 Solutions
Essentials of Statistics for Business and Economics
Ch. 10.1 - The following results come from two independent...Ch. 10.1 - 2. Consider the following hypothesis test.
The...Ch. 10.1 - Consider the following hypothesis test....Ch. 10.1 - 4. Condé Nast Traveler conducts an annual survey...Ch. 10.1 - The USA Today reports that the average expenditure...Ch. 10.1 - Hotel Price Comparison. Suppose that you are...Ch. 10.1 - Supermarket Customer Satisfaction. Consumer...Ch. 10.1 - Increases in Customer Satisfaction. Will improving...Ch. 10.2 - The following results are for independent random...Ch. 10.2 - Consider the following hypothesis test:...
Ch. 10.2 - Consider the following data for two independent...Ch. 10.2 - Miles Driven Per Day. The U.S. Department of...Ch. 10.2 - Annual Cost of College. The increasing annual cost...Ch. 10.2 - Salaries of Recent College Graduates. The Tippie...Ch. 10.2 - Hotel Prices. Hotel room pricing changes over time...Ch. 10.2 - Effect of Parents’ Education on Student SAT...Ch. 10.2 - Comparing Financial Consultant Ratings....Ch. 10.2 - Comparing Length of Flight Delays. The success of...Ch. 10.3 - Consider the following hypothesis test.
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