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

question 198

True/False

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, if a level of significance of 0.05 is chosen, the decision made indicates that at least 2 of the 5 locations have different mean occupancy rates.

Analyze the effect of conflict on the pace of resource extraction.

Assess the impact of government regulations on user costs in resource extraction.

Explain how property rights influence the rate of resource extraction.

Determine the optimal extraction level of a nonrenewable resource.

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Multicultural Research

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