According to an article in Real Estate Finance, developers and hotel operators have three ways of controlling
Question:
According to an article in Real Estate Finance, developers and hotel operators have three ways of controlling shared facilities: the square footage allocation (SF) method, the revenue-generating (RG) allocation method, and the purchase price value (PPV) method.14 An industry analyst wants to know if one of these methods is more successful than the others and collects random samples of return on equity data (in percent) for firms that have used one of these methods. The data are as follows.
SF: 15, 17, 8.5, 19, 22, 16, 15, 11.5, 16.5, 17
RG: 8.6, 9.5, 11, 15, 10.3, 16, 9.5, 12, 10.2
PPV: 3.8, 5.7, 12, 6.8, 10.1, 11.2, 9.9, 10.4, 6.1
Test for equality of means, and state your conclusion.
Step by Step Answer:
Complete Business Statistics
ISBN: 9780077239695
7th Edition
Authors: Amir Aczel, Jayavel Sounderpandian