Instruction 10-11 the Following Micosoft Excel Output Contains the Results of Results

question 87

Multiple Choice

Instruction 10-11
The following Micosoft Excel output contains the results of a test to determine if the proportions of satisfied guests at two resorts are the same or different.

-Referring to Instruction 10-11,allowing for 1% probability of committing a Type I error,what are the decision and conclusion on testing whether there is any difference in the proportions of satisfied guests in the two resorts?

• A) Reject the null hypothesis; there is enough evidence to conclude that there is significant difference in the proportions of satisfied guests at the two resorts.
• B) Do not reject the null hypothesis; there is enough evidence to conclude that there is significant difference in the proportions of satisfied guests at the two resorts.
• C) Do not reject the null hypothesis; there is not enough evidence to conclude that there is significant difference in the proportions of satisfied guests at the two resorts.
• D) Reject the null hypothesis; there is not enough evidence to conclude that there is significant difference in the proportions of satisfied guests at the two resorts.

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Definitions:

Internal Rate of Return

A financial metric used to evaluate the profitability of an investment, representing the interest rate at which the net present value of all the cash flows (both positive and negative) from a project or investment equal zero.

Required Rate of Return

The minimum annual percentage return a investor expects to achieve from an investment, considering the risk involved.

Simple Rate of Return

A method of evaluating the financial performance of an investment by dividing annual incremental operating income by initial investment.

Cash Flows

The total amount of money being transferred into and out of a business, especially affecting liquidity.