As described in earlier chapters, many real estate companies and rental agencies now publish their listings on

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As described in earlier chapters, many real estate companies and rental agencies now publish their listings on the World Wide Web.

One example is Dunes Realty Company located in Garden City, South Carolina, and Surfside Beach, South Carolina. Go to the website http://www.dunes.com and click on Search the Vacation Rentals and then Beach Home Search, then indicate at least 5 bedrooms, accommodations for at least 14 people, oceanfront, and no pool or floating dock; select a period in the current year; indicate that you are willing to spend up to $8,000 per week; and finally click on Search the Beach Homes. Sort the cottages offered into a contingency table by the number of bathrooms and whether the rental price is less than $2,000 for the week or $2,000 or more. You may need to combine some of the cells. Conduct a statistical test to determine if the number of bedrooms is related to the cost. Use the

.05 significance level.

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Related Book For  book-img-for-question

Basic Statistics For Business And Economics

ISBN: 9780077230968

6th Edition

Authors: Douglas Lind, William Marchal, Samuel Wathen

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