A brief description that includes the size of the hotel

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Reference no: EM131107763

Travel + Leisure magazine presented its annual list of the 500 best hotels in the world (Travel + Leisure, January 2009). The magazine provides a rating for each hotel along with a brief description that includes the size of the hotel, amenities, and the cost per night for a double room. A sample of 12 of the top-rated hotels in the United States follows.

Hotel Boulders Resort & Spa	Location Phoenix, AZ	Rooms 220	Cost/Night 499
Disney's Wilderness Lodge	Orlando, FL	727	340
Four Seasons Hotel Beverly Hills	Los Angeles, CA	285	585
Four Seasons Hotel	Boston, MA	273	495
Hay-Adams	Washington, DC	145	495
Inn on Biltmore Estate	Asheville, NC	213	279
Loews Ventana Canyon Resort	Phoenix, AZ	398	279
Mauna Lani Bay Hotel	Island of Hawaii	343	455
Montage Laguna Beach	Laguna Beach, CA	250	595
Sofitel Water Tower	Chicago, IL	414	367
St. Regis Monarch Beach	Dana Point, CA	400	675
The Broadmoor	Colorado Springs, CO	700	420

a. What is the mean number of rooms?

b. What is the mean cost per night for a double room?

c. Develop a scatter diagram with the number of rooms on the horizontal axis and the cost per night on the vertical axis. Does there appear to be a relationship between the number of rooms and the cost per night? Discuss.

d. What is the sample correlation coefficient? What does it tell you about the relation- ship between the number of rooms and the cost per night for a double room? Does this appear reasonable? Discuss.

Reference no: EM131107763

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