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European City Change in Hotel Costs U.S. City Change in Hotel Costs Ljubljana -0.009 Birmingham 0.074 Hotel prices worldwide are projected to increase by 3%
European City | Change in Hotel Costs | U.S. City | Change in Hotel Costs | ||||||
Ljubljana | -0.009 | Birmingham | 0.074 | Hotel prices worldwide are projected to increase by 3% next year, but is there a difference between Europe and US? Suppose we have projectd changes in hotels cost for 47 randomly selected major European cities and 53 randomly selected major American Cities. | |||||
Geneva | 0.000 | Pittsburgh | 0.089 | ||||||
Zagreb | 0.060 | Indianapolis | -0.013 | ||||||
Stockholm | 0.041 | Norfolk | 0.070 | ||||||
Tirana | 0.082 | Boston | 0.077 | ||||||
Riga | 0.076 | Winston-Salem | 0.074 | ||||||
Istanbul | 0.021 | Stockton | 0.021 | ||||||
Bucharest | 0.073 | Laredo | 0.024 | ||||||
Budapest | 0.045 | Corpus Christi | 0.088 | Part a | |||||
Minsk | 0.023 | Portland | 0.020 | On the basis of the sample results, can we conclude that the mean change in hotels rates in Europe and US are different ? Develop appropriate null and alternative hypotheses. | |||||
Rome | 0.033 | St. Paul | 0.061 | ||||||
Antwerp | 0.012 | Memphis | 0.086 | ||||||
Reykjavik | -0.002 | Virginia Beach | 0.052 | ||||||
Dsseldorf | 0.044 | Newark | -0.001 | ||||||
Krakw | 0.071 | Austin | 0.077 | ||||||
Frankfurt | -0.002 | San Francisco | 0.102 | ||||||
Vilnius | 0.057 | Greensboro | 0.053 | Part b | |||||
Timisora | 0.005 | Nashville-Davidson | 0.030 | Use alpha = 0.01, what is your conclusion? | |||||
Helsinki | 0.072 | Chicago | 0.085 | ||||||
Odessa | 0.084 | El Paso | 0.027 | ||||||
Pristina | 0.006 | Omaha | 0.028 | ||||||
Tallin | 0.039 | San Diego | 0.080 | ||||||
Banja Luka | 0.082 | Madison | 0.105 | ||||||
Chisinau | 0.015 | Fort Worth | 0.024 | ||||||
Belfast | 0.032 | Cincinnati | 0.085 | ||||||
Zurich | 0.041 | Tampa | 0.001 | ||||||
Copenhagen | -0.005 | Sacramento | 0.000 | ||||||
Bratislava | 0.020 | Honolulu | 0.047 | ||||||
Ankara | 0.057 | St. Petersburg | 0.096 | ||||||
Athens | 0.069 | Lincoln | 0.006 | ||||||
Brussels | 0.059 | Oakland | 0.082 | ||||||
Kryvy Rig | 0.073 | St. Louis | 0.064 | ||||||
Volgograd | 0.038 | Lubbock | 0.018 | ||||||
Novi Sad | 0.079 | Wichita | 0.003 | ||||||
Belgrade | -0.016 | New York City | 0.043 | ||||||
Tblisi | 0.052 | Orlando | 0.071 | ||||||
Zagreb | -0.008 | San Jose | 0.079 | ||||||
Sarajevo | 0.083 | Atlanta | 0.000 | ||||||
St Petersburg | 0.071 | Dallas | 0.106 | ||||||
Kiev | 0.012 | Cleveland | 0.015 | ||||||
Glasgow | -0.004 | Tulsa | 0.102 | ||||||
Split | 0.055 | Baton Rouge | 0.089 | ||||||
Sofia | 0.057 | Jacksonville | 0.057 | ||||||
Amsterdam | 0.019 | Minneapolis | 0.064 | ||||||
Skopje | 0.053 | Detroit | -0.001 | ||||||
Vilnius | 0.036 | Los Angeles | 0.027 | ||||||
Essen | 0.055 | Anchorage | -0.021 | ||||||
Jersey | 0.016 | ||||||||
Washington | 0.035 | ||||||||
Durham | 0.057 | ||||||||
Phoenix | 0.010 | ||||||||
Anaheim | -0.011 | ||||||||
Philadelphia | 0.020 |
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