TABLE 12-20
Data on the Percentage of 200 Hotels in Each

question 137

Short Answer

TABLE 12-20
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.
$\begin{array}{cccc} \hline& \text { Hong Kong } & \text { New York } & \text { Paris } \\\hline\text { Yes } & 86 \% & 76 \% & 78 \% \\\text { No } & 14 \% & 24 \% & 22 \%\\\hline\end{array}$

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.
-Referring to Table 12-20, what are the values of the absolute difference and the critical range for the Marascuilo procedure to test for the difference in proportions between Hong Kong and Paris using a 0.05 level of significance?

Understand the concept and impact of conspicuous consumption on personal financial decisions.

Interpret the relationship between income changes and consumer behavior, such as saving and spending patterns.

Analyze the effects of macroeconomic factors (e.g., housing market trends, stock market changes) on personal wealth and consumer confidence.

Apply the marginal propensity to consume and save in practical scenarios to determine saving and spending outcomes.

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