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

question 124

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.
$\begin{array}{cccccc}\underline{\text { ROW}}&\underline{\text { Caymen}}&\underline{\text { Pennkamp }}&\underline{\text {California }}&\underline{\text {Mayaquez}}&\underline{\text { Maui }}\\ 1 & 28 & 40 & 21 & 37 & 22 \\2 & 33 & 35 & 21 & 47 & 19 \\3 & 41 & 33 & 27 & 45 & 25\end{array}$

Analysis of Variance
$\begin{array} { l r c c c c } \text { Source } & \mathrm { d } f & \text { SS } & \text { MS } & F & p \\ \text { Location } & 4 & 963.6 & & 11.470 .001 \end{array}$
Error $\quad 10 \quad 210.0$
Total
-Referring to Table 11-8, what is the critical value of Levene's test for homogeneity of variances at a 5% level of significance?

---

Definitions:

Central Bank

A national financial institution that provides banking services to the government and commercial banks of a country, and is responsible for the nation's monetary policy and currency issuance.

Policy Lags

The delay between the identification of a need for economic policy intervention and the actual effect of the policy on the economy.

Stabilization Policies

Government strategies aimed at maintaining economic stability by reducing inflation and unemployment.

Political Business Cycle

The concept that elected officials may induce expansions of the economy before elections to improve their chances of re-election.