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SCENARIO 12-7
Data on the percentage of 200 hotels in each of the three large cities across the world on whether minibar charges are correctly posted at checkout are given below.
At the 0.05 level of significance,you want to know if there is evidence of a difference in the proportion of hotels that correctly post minibar charges among the three cities.
-Referring to Scenario 12-7,there is sufficient evidence to conclude that the proportions between New York and Paris are different at a 0.05 level of significance.
Credence Properties
Characteristics of a product or service that are difficult or impossible for consumers to evaluate even after purchase and use, such as the expertise of a medical procedure.
Experience Properties
Characteristics of a product or service that can only be ascertained through direct use or experience.
Search Properties
Characteristics of a product or service that can be easily evaluated before purchase, such as color, style, or price.
Tangible Products
Physical items or goods that can be seen, touched, and owned, unlike services which are intangible.
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