Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Resorts & Spas , a magazine devoted to upscale vacations and accommodations, published its Reader's Choice List of the top 20 independent beachfront boutique hotels

Resorts & Spas, a magazine devoted to upscale vacations and accommodations, published its Reader's Choice List of the top 20 independent beachfront boutique hotels in the world. The data shown are the scores received by these hotels based on the results from Resorts & Spas' annual Readers' Choice Survey. Each score represents the percentage of respondents who rated a hotel as excellent or very good on one of three criteria (comfort, amenities, and in-house dining). An overall score was also reported and used to rank the hotels. The highest ranked hotel, the Muri Beach Odyssey, has an overall score of 94.3, the highest component of which is 97.7 for in-house dining. If required, round your answer to three decimal places.

Hotel Overall Comfort Amenities In-House Dining
Muri Beach Odyssey 94.3 94.5 90.8 97.7
Pattaya Resort 92.9 96.6 84.1 96.6
Sojourner's Respite 92.8 99.9 100.0 88.4
Spa Carribe 91.2 88.5 94.7 97.0
Penang Resort and Spa 90.4 95.0 87.8 91.1
Mokihana Hkele 90.2 92.4 82.0 98.7
Theo's of Cape Town 90.1 95.9 86.2 91.9
Cap d'Agde Resort 89.8 92.5 92.5 88.8
Spirit of Mykonos 89.3 94.6 85.8 90.7
Turismo del Mar 89.1 90.5 83.2 90.4
Hotel Iguana 89.1 90.8 81.9 88.5
Sidi Abdel Rahman Palace 89.0 93.0 93.0 89.6
Sainte-Maxime Quarters 88.6 92.5 78.2 91.2
Rotorua Inn 87.1 93.0 91.6 73.5
Club Lapu-Lapu 87.1 90.9 74.9 89.6
Terracina Retreat 86.5 94.3 78.0 91.5
Hacienda Punta Barco 86.1 95.4 77.3 90.8
Rendezvous Kolocep 86.0 94.8 76.4 91.4
Cabo de Gata Vista 86.0 92.0 72.2 89.2
Sanya Deluxe 85.1 93.4 77.3 91.8

Remove all independent variables that are not significant at the 0.01 level of significance from the estimated regression equation. What is your recommended estimated regression equation? Enter a coefficient of zero for any independent variable you chose to remove.

y= 45.146149 +______x1 + 0.252581 x2 + 0.248266 x3

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Students also viewed these Accounting questions