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TABLE 10-13
The amount of time required to reach a customer service representative has a huge impact on customer satisfaction. Below is the Excel output from a study to see whether there is evidence of a difference in the mean amounts of time required to reach a customer service representative between two hotels. Assume that the population variances in the amount of time for the two hotels are not equal.
-Referring to Table 10-13, what assumptions are necessary for testing if there is evidence of a difference in the variabilities of the amount of time required to reach a customer service representative between the two hotels to be valid?
Unit Sales
The quantity of items or products sold, not taking into account the revenue generated from these sales.
Price Hike
An increase in the listed price of goods or services, often due to increased costs or higher demand.
Sales Forecast
An estimate of the amount of products or services a company expects to sell in a future period, which is crucial for budgeting and planning purposes.
Net Operating Income
The profit a company makes from its regular business operations, excluding expenses and revenue from non-operational activities.
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