Ecolabels such as Energy Star, Green Key, and Audubon International are used by hotels to advertise their

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Ecolabels such as Energy Star, Green Key, and Audubon International are used by hotels to advertise their energy-saving and conservation policies. The Journal of Vacation Marketing (January 2016) published a study to investigate how familiar travelers are with these ecolabels and whether travelers believe they are credible. A sample of 392 adult travelers were administered a questionnaire. One question showed a list of 6 different ecolabels, and asked, "How familiar are you with this ecolabel, on a scale of 1 (not familiar at all) to 5 (very familiar)." Summarized results for the numerical responses are given in the table.
a. Give a practical interpretation of the mean response for Energy Star.
b. Give a practical interpretation of the median response for Energy Star.
c. Give a practical interpretation of the response mode for Energy Star.
d. Based on these summary statistics, which ecolabel appears to be most familiar to travelers?
Ecolabel Mean Median Mode Energy Star TripĀdvisor 4.44 3.57 5 4 4 Greenleaders Audubon International U.S. Green 2.41 2
Academic Reputation Score Average Financial Aid Median Salary Average During Early Career % STEM (100-pt. scale) 99 % Hi

*% high meaning represents the percentage of alumni who say their work makes the world a better place;
€ % STEM represents the percentage of degrees awarded in science, technology, engineering, or mathematics.

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Statistics For Business And Economics

ISBN: 9780134506593

13th Edition

Authors: James T. McClave, P. George Benson, Terry Sincich

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