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

question 168

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
$\begin{array}{lrcccc}\text { Source } & \text { df } & \text { sS } & \text { MS } & F & p \\\text { Location } & 4 & 963.6 & & 11.47 & 0.001 \\\text { Error } & 10 & 210.0 & & & \\\hline \text { Total } & & & &\end{array}$

-Referring to Table 11-11, what is the critical value for testing the block effects at a 0.01 level of significance?

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Definitions:

Security Interest

A legal claim or lien on collateral that has been pledged, usually to secure a debt or obligation, giving the lender rights to the property if the borrower defaults.

Secured Creditor

A creditor who has the benefit of a security interest in an asset of the debtor, giving them a right to take possession of the secured property if the debtor fails to repay the debt.

Lender

An entity or individual that provides funds to another under the agreement that the funds will be repaid, typically with interest.

Dischargeable Debts

Debts that can be eliminated through bankruptcy proceedings, releasing the debtor from personal liability for certain debts.