TABLE 12-7 Data on the Percentage of 200 Hotels in Each of Each

question 142

True/False

TABLE 12-7
Data on the percentage of 200 hotels in each of the three large cities across the world on whether minibar charges are correctly posted at checkout are given below. At the 0.05 level of significance,you want to know if there is evidence of a difference in the proportion of hotels that correctly post minibar charges among the three cities.
-True or False: Referring to Table 12-7,the decision made suggests that the 3 cities all have different proportions of hotels that correctly post minibar charges.

---

Definitions:

Fascist

Describes an authoritarian and nationalistic right-wing system of government and social organization.

Economic System

The structured and organized way by which a society decides on the production, distribution, and consumption of goods and services.

Invisible Hand

The invisible hand is a metaphor introduced by Adam Smith to describe the unintended social benefits resulting from individual actions driven by self-interest.

Perfect Competition

A market structure characterized by a large number of small firms, homogeneous products, and the free entry and exit of firms, where no single firm can influence the market price.