TABLE 12-7 Data on the Percentage of 200 Hotels in Each of Each

question 29

True/False

TABLE 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 Table 12-7, the decision made suggests that the 3 cities all have different proportions of hotels that correctly post minibar charges.

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Definitions:

Percentage Of Sales

A financial ratio that compares a particular figure or total, such as profit or expense, to the total sales revenue.

Margin Of Safety

The difference between actual or projected sales and the break-even point, indicating the risk level of not covering fixed costs.

Digital Camera

An electronic device that captures and stores photographs digitally, allowing for immediate viewing, deleting, or transferring of images.

Target Profit

The desired amount of profit a company aims to achieve within a specific period.