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SCENARIO 10-5
A hotel chain has identically small sized resorts in 5 locations in different small islands.The data that follow resulted from analyzing the hotel occupancies on randomly selected days in the 5 locations.
-Referring to SCENARIO 10-5, if a level of significance of 0.05 is chosen, the null hypothesis should be rejected.
Rejection Region
The range of values for which the null hypothesis is considered unlikely and is rejected in a hypothesis test.
Significance Levels
Significance levels indicate the probability of observing the test statistic as extreme as the results obtained, given that the null hypothesis is true, acting as a criterion for the decision of whether to reject it.
Sample Sizes
The number of observations or data points collected in a subset of a population for the purpose of statistical analysis.
Test Statistic
A calculated value used in statistical testing to determine whether to reject the null hypothesis, based on the difference between observed data and what is expected under the null hypothesis.
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