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

question 135

Short Answer

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.
$\begin{array}{cccccc}\underline{\text { ROW}}&\underline{\text { Caymen}}&\underline{\text { Pennkamp }}&\underline{\text {California }}&\underline{\text {Mayaquez}}&\underline{\text { Maui }}\\ 1 & 28 & 40 & 21 & 37 & 22 \\2 & 33 & 35 & 21 & 47 & 19 \\3 & 41 & 33 & 27 & 45 & 25\end{array}$
$$\begin{array}{l}\text { Analysis of Variance }\\\begin{array} { l r c c c c } \hline \text { Source } & \mathrm { df } & \text { SS } & \text { MS } & F & p \\\text { Location } & 4 & 963.6 & & 11.47 & 0.001 \\\text { Error } & 10 & 210.0 & & & \\\text { Total } & & & & & \\\hline\end{array}\end{array}$$
-Referring to Table 11-8, the numerator and denominator degrees of freedom of the test ratio are _____and____ , respectively.

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Definitions:

Market Rate

The prevailing rate of interest available in the marketplace for securities of similar risk and maturity.

Face Value

The nominal value printed on a financial instrument like a bond or stock certificate, not necessarily its current market value.

Effective Interest Rate

The actual cost of borrowing or the actual yield on savings, taking into account the compounding of interest over time.

Market Interest Rate

The prevailing rate of interest that is available on investments, influencing the cost of borrowing and lending money.