SCENARIO 11-5 A Hotel Chain Has Identically Small Sized Resorts in 5

question 138

Multiple Choice

SCENARIO 11-5
A hotel chain has identically small sized resorts in 5 locations in different small islands.The data that
s in the 5 locations.

-Referring to Scenario 11-5,what should be the conclusion for the Levene's test for homogeneity of variances at a 5% level of significance?

• A)There is insufficient evidence that the variances are all the same.
• B)There is sufficient evidence that the variances are all the same.
• C)There is insufficient evidence that the variances are not all the same.
• D)There is sufficient evidence that the variances are not all the same.

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Definitions:

External Benefit

A benefit that results from an economic activity which accrues to unrelated third parties.

Third Party

An entity involved in a transaction or agreement who is not one of the principal parties.

Cooperative

An organization consisting of people who pool their resources to buy and sell more efficiently than they could individually.

Single-Owner

Pertains to a business that is exclusively owned by one individual who is responsible for its operations and liabilities.