European City Ljubljana Change in Hotel Costs U.S. City Birmingham Change in Hotel Costs -0.009 0.074 Geneva 0.000 Pittsburgh 0.089 Zagreb 0.060 Indianapolis -0.013 Stockholm 0.041 Norfolk 0.070...


Hotel prices worldwide are projected to increase by 3% next year (Lodging Magazine website, June 15, 2016), but is there a difference between Europe and the U.S.? Suppose we have projected changes in hotel costs for 47 randomly selected major European cities and 53 randomly selected major U.S. cities. These data are provided in the DATAfile IntHotels.




Use

α= .01


What is the p-value?
.What is your conclusion?


European City<br>Ljubljana<br>Change in Hotel Costs U.S. City<br>Birmingham<br>Change in Hotel Costs<br>-0.009<br>0.074<br>Geneva<br>0.000<br>Pittsburgh<br>0.089<br>Zagreb<br>0.060<br>Indianapolis<br>-0.013<br>Stockholm<br>0.041<br>Norfolk<br>0.070<br>Tirana<br>0.082<br>Boston<br>0.077<br>Riga<br>0.076<br>Winston-Salem<br>0.074<br>Istanbul<br>0.021<br>Stockton<br>0.021<br>Bucharest<br>0.073<br>Laredo<br>0.024<br>O Budapest<br>1 Minsk<br>2 Rome<br>0.045<br>Corpus Christi<br>0.088<br>0.023<br>Portland<br>0.020<br>0.033<br>St. Paul<br>0.061<br>3 Antwerp<br>4 Reykjavik<br>5 Düsseldorf<br>6 Kraków<br>7 Frankfurt<br>8 Vilnius<br>9 Timisora<br>O Helsinki<br>1 Odessa<br>2 Pristina<br>В Tallin<br>4 Banja Luka<br>5 Chisinau<br>6 Belfast<br>7 Zurich<br>3 Copenhagen<br>9 Bratislava<br>O Ankara<br>1 Athens<br>0.012<br>Memphis<br>0.086<br>-0.002<br>Virginia Beach<br>0.052<br>0.044<br>Newark<br>-0.001<br>0.071<br>Austin<br>0.077<br>-0.002<br>San Francisco<br>0.102<br>0.057<br>Greensboro<br>0.053<br>0.005<br>Nashville-Davidson<br>0.030<br>0.072<br>Chicago<br>0.085<br>0.084<br>El Paso<br>0.027<br>0.006<br>Omaha<br>0.028<br>0.039<br>San Diego<br>0.080<br>0.082<br>Madison<br>0.105<br>0.015<br>Fort Worth<br>0.024<br>0.032<br>Cincinnati<br>0.085<br>0.041<br>Tampa<br>0.001<br>-0.005<br>Sacramento<br>0.000<br>0.020<br>Honolulu<br>0.047<br>0.057<br>St. Petersburg<br>0.096<br>0.069<br>Lincoln<br>0.006<br>2 Brussels<br>3 Kryvy Rig<br>4 Volgograd<br>5 Novi Sad<br>6 Belgrade<br>7 Tblisi<br>3 Zagreb<br>9 Sarajevo<br>O St Petersburg<br>1 Kiev<br>2 Glasgow<br>3 Split<br>4 Sofia<br>5 Amsterdam<br>6 Skopje<br>7 Vilnius<br>8 Essen<br>0.059<br>Oakland<br>0.082<br>0.073<br>St. Louis<br>0.064<br>0.038<br>Lubbock<br>0.018<br>0.079<br>Wichita<br>0.003<br>-0.016<br>New York City<br>0.043<br>0.052<br>Orlando<br>0.071<br>-0.008<br>San Jose<br>0.079<br>0.083<br>Atlanta<br>0.000<br>0.071<br>Dallas<br>0.106<br>0.012<br>Cleveland<br>0.015<br>-0.004<br>Tulsa<br>0.102<br>0.055<br>Baton Rouge<br>0.089<br>0.057<br>Jacksonville<br>0.057<br>0.019<br>Minneapolis<br>0.064<br>0.053<br>Detroit<br>-0.001<br>0.036<br>Los Angeles<br>0.027<br>0.055<br>Anchorage<br>-0.021<br>Jersey<br>0.016<br>Washington<br>0.035<br>1<br>Durham<br>0.057<br>Phoenix<br>0.010<br>Anaheim<br>-0.011<br>Philadelphia<br>0.020<br>

Extracted text: European City Ljubljana Change in Hotel Costs U.S. City Birmingham Change in Hotel Costs -0.009 0.074 Geneva 0.000 Pittsburgh 0.089 Zagreb 0.060 Indianapolis -0.013 Stockholm 0.041 Norfolk 0.070 Tirana 0.082 Boston 0.077 Riga 0.076 Winston-Salem 0.074 Istanbul 0.021 Stockton 0.021 Bucharest 0.073 Laredo 0.024 O Budapest 1 Minsk 2 Rome 0.045 Corpus Christi 0.088 0.023 Portland 0.020 0.033 St. Paul 0.061 3 Antwerp 4 Reykjavik 5 Düsseldorf 6 Kraków 7 Frankfurt 8 Vilnius 9 Timisora O Helsinki 1 Odessa 2 Pristina В Tallin 4 Banja Luka 5 Chisinau 6 Belfast 7 Zurich 3 Copenhagen 9 Bratislava O Ankara 1 Athens 0.012 Memphis 0.086 -0.002 Virginia Beach 0.052 0.044 Newark -0.001 0.071 Austin 0.077 -0.002 San Francisco 0.102 0.057 Greensboro 0.053 0.005 Nashville-Davidson 0.030 0.072 Chicago 0.085 0.084 El Paso 0.027 0.006 Omaha 0.028 0.039 San Diego 0.080 0.082 Madison 0.105 0.015 Fort Worth 0.024 0.032 Cincinnati 0.085 0.041 Tampa 0.001 -0.005 Sacramento 0.000 0.020 Honolulu 0.047 0.057 St. Petersburg 0.096 0.069 Lincoln 0.006 2 Brussels 3 Kryvy Rig 4 Volgograd 5 Novi Sad 6 Belgrade 7 Tblisi 3 Zagreb 9 Sarajevo O St Petersburg 1 Kiev 2 Glasgow 3 Split 4 Sofia 5 Amsterdam 6 Skopje 7 Vilnius 8 Essen 0.059 Oakland 0.082 0.073 St. Louis 0.064 0.038 Lubbock 0.018 0.079 Wichita 0.003 -0.016 New York City 0.043 0.052 Orlando 0.071 -0.008 San Jose 0.079 0.083 Atlanta 0.000 0.071 Dallas 0.106 0.012 Cleveland 0.015 -0.004 Tulsa 0.102 0.055 Baton Rouge 0.089 0.057 Jacksonville 0.057 0.019 Minneapolis 0.064 0.053 Detroit -0.001 0.036 Los Angeles 0.027 0.055 Anchorage -0.021 Jersey 0.016 Washington 0.035 1 Durham 0.057 Phoenix 0.010 Anaheim -0.011 Philadelphia 0.020
Jun 01, 2022
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