SCENARIO 10-5
a Hotel Chain Has Identically Small Sized Resorts

question 94

Short Answer

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. $$\begin{array}{l}\begin{array} { l c c c c c } \text { ROW } & \text { Location A } & \text { Location B } & \text { Location C } & \text { Location D } & \text { Location E } \\\hline 1& 28 & 40 & 21 & 37 & 22 \\2 & 33 & 35 & 21 & 47 & 19 \\3 & 41 & 33 & 27 & 45 & 25\end{array}\\\text { Analysis of Variance }\\\begin{array} { l r r r c c } \hline \text { Source } & d f & \text { SS } & \text { MS } & F & p \\\hline \text { Location } & 4 & 963.6 & & 11.47 & 0.001 \\\text { Error } & 10 & 210.0 & & & \\\text { Total } & & & & & \\\hline\end{array}\end{array}$$
-Referring to SCENARIO 10-5, the total variation or SST is .

---

Definitions:

Earnings Per Share

A company's net income divided by the number of outstanding shares of its common stock.

Net Income

The total earnings of a company after subtracting all expenses, including taxes and operational costs, from its total revenue.

Preferred Dividends

Preferred dividends are payments made to preferred shareholders before any dividends are paid to common shareholders, usually fixed and based on a percentage of the par value of the shares.

Accounts Receivable Turnover

A financial ratio indicating how many times a company collects its average accounts receivable balance in a period.