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 in

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. The data file is also attached as BeachFrontHotels.

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
  1. Determine the estimated multiple linear regression equation that can be used to predict the overall score given the scores for comfort, amenities, and in-house dining.
  2. Use the t test to determine the significance of each independent variable at the 0.05 level of significance. How will your conclusion change if the level of significance is changed to 0.01?

Make sure to follow all the procedures as shown in class by removing outliers at the 95% confidence level, and all the insignificant variables

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_2

Step: 3

blur-text-image_3

Ace Your Homework with AI

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

Get Started

Recommended Textbook for

Mathematical Analysis For Quantitative Finance

Authors: Daniele Ritelli, Giulia Spaletta

1st Edition

1351245104, 9781351245104

More Books

Students also viewed these Mathematics questions

Question

What are some of the topics they study?

Answered: 1 week ago

Question

Define promotion.

Answered: 1 week ago

Question

Write a note on transfer policy.

Answered: 1 week ago

Question

Discuss about training and development in India?

Answered: 1 week ago

Question

Explain the various techniques of training and development.

Answered: 1 week ago