Question
A traveler wanted to know if the prices of hotels are different, and so compares the prices in ten major cities. The list of the
A traveler wanted to know if the prices of hotels are different, and so compares the prices in ten major cities. The list of the cities with the corresponding hotel prices for his two favorite hotel chains are given below.
a) perform a relevant parametric test.
b) state the assumptions for the test in part (a) and verify whether or not these assumptions are satisfied.
c) perform a relevant nonparametric test to see if there is a difference in the prices.
d) discuss whether there is a difference between the prices of the two hotel chains.
The significance level is 0.05.
| city | hyatt | hilton |
| Atlanta | 107 | 169 |
| Boston | 358 | 289 |
| Chicago | 209 | 200 |
| Dallas | 209 | 198 |
| Denver | 167 | 169 |
| Indianapolis | 179 | 214 |
| LosAngeles | 179 | 169 |
| NewYorkCity | 625 | 459 |
| Philadelphia | 179 | 159 |
| Washington DC | 245 | 239 |
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Selling Today Partnering To Create Value
Authors: Gerald L. Manning
7th Canadian Edition
0133156850, 978-0133156850
