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Effective ways to convey information include:

Posted byAnonymous March 17, 2021March 17, 2021

Questions

Yоu аre the CEO оf а hоtel chаin and you want to analyze the factors that affect the profit margin (measured in 10,000s of dollars) of the different hotel locations. A sample of 30 hotel locations were used to perform the following multiple regression analysis. Use a level of significance of 5%. Y = PROFIT = profit of the hotel (in 10,000s of dollars)ROOMS10 = number of competing rooms within a 3 mile radius (in 10s of rooms)POOL= 1 if the hotel has a pool and 0 otherwiseNO POOL = 1 if the hotel does not have a pool and 0 otherwise (NO POOL is OMITTED category)OFFICE1000 = Amount of office space in the surrounding area (in 1000s of square feet)ENROLL1000 = College and university enrollment in the area (in 1000s of students)INC1000 = household income in the area (in 1000s of dollars)DIST = distance from the hotel to the downtown area (in miles) Minitab gave the following output: Predictor           Coef   SE Coef      T      P Constant           30.33     13.22   2.29  0.031 Rooms10         -0.00481   0.03702  -0.13  0.898 Pool               3.135     5.177   0.61  0.551 Office1000      0.024207  0.008368           0.008 Enroll1000        0.7042    0.2897   2.43  0.023 Inc1000          -0.1690    0.3315  -0.51  0.615 Dist             -0.1519    0.3495  -0.43  0.668 What is the table test statistic(s) for the test of the slope/coefficient on "OFFICE1000"?  The following statistical tables can be found below (in this order): Student T-table F-table for 5% F-table for 10%   STUDENT T-TABLE F-TABLE FOR 5% F-TABLE FOR 10%

Yоu аre the CEO оf а hоtel chаin and you want to analyze the factors that affect the profit margin (measured in 10,000s of dollars) of the different hotel locations. A sample of 30 hotel locations were used to perform the following multiple regression analysis. Use a level of significance of 5%. Y = PROFIT = profit of the hotel (in 10,000s of dollars)ROOMS10 = number of competing rooms within a 3 mile radius (in 10s of rooms)POOL= 1 if the hotel has a pool and 0 otherwiseNO POOL = 1 if the hotel does not have a pool and 0 otherwise (NO POOL is OMITTED category)OFFICE1000 = Amount of office space in the surrounding area (in 1000s of square feet)ENROLL1000 = College and university enrollment in the area (in 1000s of students)INC1000 = household income in the area (in 1000s of dollars)DIST = distance from the hotel to the downtown area (in miles) Minitab gave the following output: Predictor           Coef   SE Coef      T      P Constant           30.33     13.22   2.29  0.031 Rooms10         -0.00481   0.03702  -0.13  0.898 Pool               3.135     5.177   0.61  0.551 Office1000      0.024207  0.008368           0.008 Enroll1000        0.7042    0.2897   2.43  0.023 Inc1000          -0.1690    0.3315  -0.51  0.615 Dist             -0.1519    0.3495  -0.43  0.668 Interpret the slope/coefficient on "INC1000" (for the population).

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