In Exercise 8.20, we explored the average cost of lodging at three different hotel chains. We randomly
Question:
a. Before looking at the data, would you have any preconceived idea about the direction of the difference between the average room rates for these two hotels? If not, what null and alternative hypotheses should you test?
b. Use the critical value approach to determine if there is a significant difference in the average room rates for the Marriott and the Westin hotel chains. Use α = .01.
c. Find the p-value for this test. Does this p-value confirm the results of part b?
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Related Book For
Introduction To Probability And Statistics
ISBN: 9781133103752
14th Edition
Authors: William Mendenhall, Robert Beaver, Barbara Beaver
Question Posted: