TABLE 11-8
a Hotel Chain Has Identically Sized Resorts

question 123

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

$\begin{array}{l}\text { Analysis of Variance }\\\begin{array} { l r c c c c } \text { Source } & \text { df } & \text { sS } & \text { MS } & F & p \\\text { Location } & 4 & 963.6 & & 11.47 & 0.001 \\\text { Error } & 10 & 210.0 & & & \\ \text { Total } & & & & & \\\hline\end{array}\end{array}$
-Referring to Table 11-8, what is the value of the test statistic for Levene's test for homogeneity of variances?

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Definitions:

Financial Control

The management of a company's finances, ensuring that its resources are used efficiently and effectively.

Liquidity

The measure of how quickly and easily an asset can be converted into cash without significantly affecting its value.

Leverage

Describes the use of borrowed capital or debt to increase the potential return of an investment or project.

Asset Management

The process of developing, operating, maintaining, and selling assets in a cost-effective manner, commonly used in finance to refer to managing investments.