Econ1203 Assignment help (1 Viewer)

[smik11]

Show, if more than 50% of customers stay for 7 nights. How would you set this up? It doesn't seem like hypothesis testing.

I was just going to ask that too! Hypothesis testing is only for the mean yes? The 50% thing in the first part refers to the median since the value in the 50th percentile would be 7? or mode since nothing else can be more than 50%. omg :S

 

[smik11]

part 2: the average customer spends more than $260 per day in excess of accommodation costs. :/