Hotel room pricing changes over time (Lodging Magazine), but is there a difference between Europe hotel prices
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Hotel room pricing changes over time (Lodging Magazine), but is there a difference between Europe hotel prices and U.S. hotel prices? The file IntHotels contains changes in the hotel prices for 47 major European cities and 53 major U.S. cities.
a. On the basis of the sample results, can we conclude that the mean change in hotel rates in Europe and the United States are different? Develop appropriate null and alternative hypotheses.
b. Use α = .01. What is your conclusion?
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Related Book For
Statistics For Business & Economics
ISBN: 9781337901062
14th Edition
Authors: David R. Anderson, Dennis J. Sweeney, Thomas A. Williams, Jeffrey D. Camm, James J. Cochran
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