Reference no: EM132904308
A suburban hotel derives its revenue from its hotel and restaurant operations. The owners are interested in the relationship between the number of rooms occupied on a nightly basis and the revenue per day in the restaurant. Following is a sample of 25 days (Monday through Thursday) from last year showing the restaurant income and number of rooms occupied.
chart
Day Revenue Occupied Day Revenue Occupied
1 $ 1,452 65 14 $1,425 31
2 1,361 20 15 1,445 51
3 1,426 21 16 1,439 62
4 1,470 50 17 1,348 45
5 1,456 70 18 1,450 41
6 1,430 23 19 1,431 62
7 1,354 30 20 1,446 47
8 1,442 21 21 1,485 43
9 1,394 15 22 1,405 38
10 1,459 36 23 1,461 36
11 1,399 41 24 1,490 30
12 1,458 35 25 1,426 65
13 1,537 65
b. Determine the coefficient of correlation between the two variables. (Round your answer to 3 decimal places.)
c-1. State the decision rule for 0.01 significance level: H0: ρ ≤ 0; H1: ρ > 0. (Round your answer to 3 decimal places.)
c-2. Compute the value of the test statistic. (Round your answer to 2 decimal places.)
|
What is the total market value of the company
: Noelle owns 12 percent of The Toy Factory. She has decided to retire and wants to sell all of her shares in this closely held, all-equity firm.
|
|
What federal-state and international laws
: What federal, state and international laws explain the rights, responsibilities and protections of employees and employers in the employment relationship?
|
|
Airline industry inventory
: Compare that inventory with the types and levels of inventory typically used in manufacturing. (Raw materials, work-in-process, finished goods, goods-in-transit
|
|
Calculate the expected rate of return
: Calculate the expected rate of return before considering premiums for illiquidity, advisory activities, and hubris projections
|
|
Determine the coefficient of correlation
: A suburban hotel derives its revenue from its hotel and restaurant operations. The owners are interested in the relationship between the number of rooms occupie
|
|
What is the coupon rate during the years
: What is the coupon rate during the years for which a coupon payment is made? What is the bond value today? What is the current yield this year?
|
|
Perform an analysis with and without explanatory variable
: In multiple? regression, the response variable is not linearly related to one or more of the explanatory variables. What should be? done?
|
|
Calculate the dollar amount that SureWay venture investors
: He is willing to pay back $100,000 at the end of three years. Calculate the dollar amount that SureWay venture investors would lend to Jerry's Tree Services
|
|
Identify the ethical dilemmas
: Identify the ethical dilemmas. Evaluate who are the stakeholders in this scenario.
|