Examlex

Solved

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

question 23

Multiple Choice

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.
 ROW  Caymen  Pennkapmp  California  Mayaguez  Maui 128402137222333521471934133274525\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}  Analysis of Variance  Source df SS  MS Fp Location 4963.611.470.001 Error 10210.0 Total \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,what should be the conclusion for the Levene's test for homogeneity of variances at a 5% level of significance?


Definitions:

Licensing

A business arrangement in which one company gives another company permission to manufacture its product for a specified payment.

International Business Strategy

International Business Strategy encompasses the plans and actions that companies undertake to compete and operate successfully in global markets.

Market Exposure

The extent to which a company or an investment is exposed to fluctuations in the values of its markets, potentially affecting its profitability.

Ethnocentric Staffing Model

A staffing approach used by multinational companies where key management positions are filled by personnel from the home country.

Related Questions