Refer to the Interfaces (Mar.-Apr. 1990) study of La Quinta Motor Inns, Exercise 10.13 (p. 578).The researchers
Question:
Refer to the Interfaces (Mar.-Apr. 1990) study of La Quinta Motor Inns, Exercise 10.13
(p. 578).The researchers used state population per inn (x,), inn room ratc (x,), median income of the area (x?), and college enrollment ( r4) to build a first-order model for operating margin (y) of a La Quinta Inn. Based on a sample of n = 57 inns, the model yielded R2 = .51.
a. Glve a descriptive measure of model adequacy.
b. Make an inference about model adequacy by conducting the appropriate test. Use a = .05.
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Related Book For
Statistics For Business And Economics
ISBN: 9780130272935
8th Edition
Authors: James T. McClave, Terry Sincich, P. George Benson
Question Posted: