Suppose Hotels.com would like to determine if daily hotel rates in Orlando, Florida, are different on Thanksgiving
Question:
Suppose Hotels.com would like to determine if daily hotel rates in Orlando, Florida, are different on Thanksgiving Day than they are on New Year’s Day. To test this, a random sample of hotel rooms in Orlando was selected. The room rates were recorded on both days and are as follows. These data can also be found in the Excel file room rates.xlsx.
Hotel Room Thanksgiving Day ($) New Year’s Day ($)
1 189 210 2 127 107 3 222 199 4 165 150 5 99 99 6 168 149 7 212 199 8 116 125 9 143 129 Perform a hypothesis test using a = 0.10 to determine if the rates are different on the two days.
AppendixLO1
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