$$\text { TABLE 10-10 }$$ The Following EXCEL Output Contains the Results of a Test

question 147

Multiple Choice

$$\text { TABLE 10-10 }$$ The following EXCEL output contains the results of a test to determine if the proportions of satisfied guests at two resorts are the same or different.

-Referring to Table 10-10, allowing for 0.75% probability of committing a Type I error, what are the decision and conclusion on testing whether there is any difference in the proportions of satisfied guests in the two resorts?

• A) Reject the null hypothesis; there is enough evidence to conclude that there is significant difference in the proportions of satisfied guests at the two resorts.
• B) Do not reject the null hypothesis; there is enough evidence to conclude that there is significant difference in the proportions of satisfied guests at the two resorts.
• C) Reject the null hypothesis; there is not enough evidence to conclude that there is significant difference in the proportions of satisfied guests at the two resorts.
• D) Do not reject the null hypothesis; there is not enough evidence to conclude that there is significant difference in the proportions of satisfied guests at the two resorts.

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Definitions:

Fixed Costs

Expenses that do not change with the level of production or sales in the short term, such as rent, salaries, and insurance.

Break-even Point

The point at which total costs and total revenues are equal, resulting in no net loss or gain.

Property Taxes

Taxes paid by property owners to local governments based on the assessed value of their property.

Unit Variable Costs

The costs that vary directly with the volume of production, such as materials and labor.