What was the average price of a room at two-star, threestar, and four-star hotels around the world
Question:
What was the average price of a room at two-star, threestar, and four-star hotels around the world during 2016? The file Hotel Prices contains the average hotel room prices in Canadian dollars (about U.S. $0.75 as of December 2016) per night paid by Canadian travelers.
Source: Data extracted from Hotels.com Hotel Price Index,” bit.ly/2qmzNAW.
For each of the three groups of hotels (two-, three-, and four-stars):
a. Construct frequency and percentage distributions.
b. Construct a histogram and a percentage polygon.
c. Construct a cumulative percentage distribution and plot a cumulative percentage polygon (ogive).
d. What conclusions can you reach about the cost of two-star, three-star, and four-star hotels?
e. Construct separate scatter plots of the cost of two-star hotels versus three-star hotels, two-star hotels versus four-star hotels, and three-star hotels versus four-star hotels.
f. What conclusions can you reach about the relationship of the price of two-star, three-star, and four-star hotels?
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Step by Step Answer:
Basic Business Statistics Concepts And Applications
ISBN: 9780134684840
14th Edition
Authors: Mark L. Berenson, David M. Levine, Kathryn A. Szabat, David F. Stephan