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QUESTION THREE The weekly Hotel bill (HB) per traveller for COVID-19 mandatory quarantine accommodation and centres are in hi

QUESTION THREE The weekly Hotel bill (HB) per traveller for COVID-19 mandatory quarantine accommodation and centres are in hi

** and *** indicate significance levels of 0.10, 0.05, 0.01 respectively Required: Use the information above and the results

Table 1: Correlation Analysis of Variables HB AA AB AC AD AE AF AG AH HB AA .009 AB .351 -.069 1 AC - 411.036 .249 1 AD .3

Table 2: Regression Result on Hotel Bill (HB) Variables AA AB AC AD AE AF AG AH HB Coefficient 0.248 1.936 -1.696 2.629 -8.09

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Answer #1

a) Dependent variable: Hotal Bill (HB)

Following are the independent variables

No. of people in hotel: AA,

No. of rooms in hotel: AB

Hotel age: AC,

No. of beds in a hotel room:AD,

Internet connection: AE

Availablility of washroom in a room: AF

Distance from hotel to airport:  AG

Traveller type: AH

b) Hotel bill is to be predicted by the traveller hence it is a dependent variable.

The other variables are the predictor variables or the independent variables that will help determine the Hotel Bill.

c) This may not be a case study to the complete extent since it misses the final report of the analysis.

d) Availability of washroom in a room: AF is the only variable which is significant at 1% level.

e) From the correlation table, Number of people in hotel (AA) had the weakest correlation with HB.

f) The model has a R2 value of  38, which means the independent variables explain only 38% of the variance, which does not seem to be very good.

g) Adjusted R2 is 31.4 and R2 is 38. The not so high difference in the 2 values imply that most of the independent variables are significant in the model .

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