TABLE 11-8 A Hotel Chain Has Identically Sized Resorts in 5 Locations

question 102

Multiple Choice

TABLE 11-8
A hotel chain has identically sized resorts in 5 locations. The data that follow resulted from analyzing the hotel occupancies on randomly selected days in the 5 locations.
Analysis of Variance
Total
-Referring to Table 11-8, what should be the decision for the Levene's test for homogeneity of variances at a 5% level of significance?

• A) Reject the null hypothesis because the p-value is smaller than the level of significance.
• B) Reject the null hypothesis because the p-value is larger than the level of significance.
• C) Do not reject the null hypothesis because the p-value is smaller than the level of significance.
• D) Do not reject the null hypothesis because the p-value is larger than the level of significance.

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Definitions:

Line-by-Line Method

A consolidation technique where the parent company combines its subsidiary's assets, liabilities, income, and expenses line by line into its own financial statements.

One-Line Method

An accounting technique used for combining the financial statement of a parent company and its subsidiary by reporting the investment in a single line.

Line-by-Line Method

An approach in preparing consolidated financial statements where the income and expense items of the parent and subsidiary are added together line by line.