Instruction 11-7
a Hotel Chain Has Identically Sized Resorts in Five

question 96

Short Answer

Instruction 11-7
A hotel chain has identically sized resorts in five locations.The following data resulted from analysing the hotel guests on randomly selected days in the five locations.
$$\begin{array} { | l | l | l | l | l | l | } \hline \text { ROW } & \text { Caymen } & \text { Pennkapmp } & \text { California } & \text { Mayaguez } & \text { Maui } \\\hline 1 & 28 & 40 & 21 & 37 & 22 \\\hline 2 & 33 & 35 & 21 & 47 & 19 \\\hline 3 & 41 & 33 & 27 & 45 & 25 \\\hline\end{array}$$ $$\begin{array}{l}\text { Analysis of Variance }\\\begin{array} { l r r r r r } \hline \text { Source } & d f & \text { SS } & \text { MS } & F & p \\\hline \text { Location } & 4 & 963.6 & & 11.47 & 0.001 \\\text { Error } & 10 & 210.0 & & & \\\text { Total } & & & & & \\\hline\end{array}\end{array}$$
-Referring to Instruction 11-7,the value of MSA is ________ while MSW is ________.

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Definitions:

Notes Payable

Short-term or long-term liabilities recorded when a company borrows money, often in the form of a promissory note.

Common Stock

Common stock represents units of ownership in a corporation, granting shareholders voting rights and potentially dividends, but also placing them last in priority for company assets upon liquidation.

Retained Earnings

Profits not distributed to shareholders as dividends but instead reinvested in the company's core business or used to pay off debt.

Valuation Model

A financial model that determines the present value of an asset or business, based on variables such as cash flows and growth rates.