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

question 17

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 total variation or SST is ________.

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Definitions:

Margin Of Safety

The difference between actual sales and the breakeven point, indicating the amount by which sales can drop before losses begin.

Unit Selling Price

The price at which a single unit of a product is sold to customers.

Sales

The total amount of goods or services sold by a company, serving as a major component of its revenue.

Cost-volume-profit Analysis

A method used to determine how changes in costs and volume affect a company's operating income and net income.