Refer to Exercise 8.20. The means and standard deviations for 50 billing statements from each of the

Question:

Refer to Exercise 8.20. The means and standard deviations for 50 billing statements from each of the computer databases of each of the three hotel chains are given in the table:
Refer to Exercise 8.20. The means and standard deviations for

a. Find a 95% confidence interval for the difference in the average room rates for the Marriott and the Westin hotel chains.
b. Find a 99% confidence interval for the difference in the average room rates for the Westin and the Doubletree hotel chains.
c. Do the intervals in parts a and b contain the value (µ1 - µ2) = 0? Why is this of interest to the researcher?
d. Do the data indicate a difference in the average room rates between the Marriott and the Westin chains? Between the Westin and the Doubletree chains?

Fantastic news! We've Found the answer you've been seeking!

Step by Step Answer:

Related Book For  book-img-for-question

Introduction To Probability And Statistics

ISBN: 9781133103752

14th Edition

Authors: William Mendenhall, Robert Beaver, Barbara Beaver

Question Posted: