Question

In: Statistics and Probability

A travel agent (TA) in Athens named “Thomas o Mageiras” has contracts with 135 hotels from...

A travel agent (TA) in Athens named “Thomas o Mageiras” has contracts with 135
hotels from all categories (stars) in the three major Greek summer destinations,
namely Crete, Ionian Islands and South Aegean Islands. In order to better support its
clients the TA yearly collects and updates data regarding the performance of these
hotels.
The dataset in the table that follows, provides various measures of
all 135 hotels, summarized in the following variables:
Variables Description
STARS Hotel class category
Total_Rooms Total number of rooms per hotel

Region_ID

1= Crete
2=Southern Aegean Islands
3=Ionian Islands

ARR_MAY Average Room Rate in May (in €)
ARR_AUG Average Room Rate in August (in €)
L_COST Labor cost per hotel (in €)
Note: The empty cells in the given Excel spreadsheet indicate missing values.


Question 1:
1.1 Construct the frequency distribution, the percentage distribution and the frequency
histogram of the variables ARR_MAY and ARR_AUG for ALL 135 hotels. Use
the same class width = 25 for both frequency distributions. Comment on the
characteristics of the distributions.
1.2 Construct separately, the frequency distributions and the percentage distributions
of the variable ARR_AUG for each of the three destinations. Use the same class
width = 35 for each of the three frequency distributions.
1.3 Construct separately, the frequency distributions and the percentage distributions
of the variable ARR_MAY for hotels with a) Number of rooms ≤ 50 considered
as small size hotels b) Number of rooms > 50 considered as large size hotels. Use
the same class width = 25 for both frequency distributions.

1.4 Plot three histograms of the frequency distributions of the variable ARR_AUG,
one for each of the three destinations, and comment on the main characteristics of
the three distributions.
1.5 Plot two histograms of frequency distributions of the variable ARR_MAY, one
for the small and one for the large size hotels, and comment on the main
characteristics of the two distributions.
1.6 What conclusions can you reach concerning the differences in distribution a) of
ARR_AUG among the three destinations and b) of ARR_MAY between the
small and the large size hotels?

STARS Total_Rooms Region_ID ARR_MAY ARR_AUG L_COST
1 44 2 16 35
1 18 2 16 20
1 21 3 16 40 30.000
1 21 3 16 40 20.000
1 31 2 18 35 10.450
2 32 3 19 45 6.500
1 46 3 19 23 43.549
4 38 1 22 51 59.200
2 73 2 22 41 70.000
4 65 1 25 63 83.000
3 122 2 25 33 568.536
1 16 2 25 70 379.498
1 13 3 25 45 15.000
1 16 3 25 31 27.084
2 29 1 26 44 30.000
2 42 2 28 40
2 17 1 29 53 6.121
1 23 1 30 35 50.237
2 30 2 30 55 40.000
2 15 2 30 45 4.296
1 11 2 30 50
1 22 2 30 35 1.520
3 39 3 30 68 50.000
3 32 3 30 100 40.000
2 49 3 30 73 41.000
1 13 3 30 50 9.500
1 21 3 30 40 10.000
1 8 1 31 49 7.888
2 25 3 32 55 61.766
1 57 1 35 90 11.720
1 20 1 35 45
1 18 1 35 40 112.181
2 26 1 35 40 3.575
2 37 2 35 95 270.000
2 14 3 35 70 5.500
3 98 2 38 75 150.000
3 44 2 38 84 75.704
3 75 1 40 60 37.735
3 32 1 40 60 3.500
2 23 1 40 50 6.500
1 11 1 40 55
1 15 1 40 55 3.500
3 23 1 40 55
3 10 2 40 70 10.000
1 22 2 40 100 20.000
1 12 2 40 65
4 112 3 40 56 363.825
3 72 3 40 75 177.833
1 21 1 42 54 5.700
5 378 3 44 128 2.429.367
2 68 1 45 55 199.000
3 75 2 45 70 220.000
3 62 2 45 90 50.302
3 25 2 45 95 118.049
2 15 1 47 50 19.670
4 221 2 47 102 623.117
3 27 1 48 55 20.906
4 117 2 48 91 360.000
3 62 3 50 90 252.390
3 30 3 50 80 45.000
2 41 3 50 90 166.903
2 14 3 50 80 4.000
3 66 1 51 65 230.000
2 48 1 52 60 284.569
2 39 1 53 104 107.447
3 102 3 53 91 173.481
4 62 2 55 75 249.205
2 21 2 55 100 12.000
2 53 3 55 80 48.200
4 10 1 57 97 30.000
4 70 1 59 128 437.684
1 25 1 59 128 156.316
3 69 1 60 70 256.658
3 47 1 60 120 255.020
3 170 2 60 104 538.848
2 18 2 60 100 10.000
5 270 3 60 90 1.934.820
5 240 2 61 132 1.312.601
4 241 1 64 109 793.009
4 121 1 64 132 494.566
3 54 1 65 90 200.000
4 172 1 68 148 1.383.854
5 57 2 68 140 300.000
4 227 3 69 123 1.538.000
4 322 1 70 159 1.608.013
4 27 1 70 100 130.000
2 10 2 70 100 12.500
4 56 3 70 100 96.000
3 78 3 70 120 377.182
2 24 3 70 120 116.056
2 20 3 70 120 96.713
5 133 1 71 136 801.469
4 96 3 73 134 210.000
3 93 1 76 130 626.000
4 200 2 77 178 796.026
2 35 1 80 110 64.702
1 25 2 80 120 36.277
1 25 2 80 120 36.277
3 16 2 80 100 14.300
4 216 3 80 124 1.339.903
3 74 3 80 95 111.000
5 265 1 81 174 1.393.550
5 280 3 81 138 903.000
5 127 1 85 114 1.072.000
3 33 3 85 120 238.000
4 353 2 87 152 1.511.457
5 172 1 90 195 1.151.600
4 10 1 90 105 15.950
5 219 3 93 162 1.675.995
5 313 1 94 173 2.214.985
3 18 1 94 104 722.069
4 97 3 94 120 441.737
2 43 3 94 120 195.821
5 412 1 95 160 2.165.000
4 276 2 95 160 2.050.000
3 11 3 95 120 3.000
5 166 3 98 183 900.000
3 33 2 99 218 271.724
5 139 2 100 130 495.000
5 50 2 100 180 517.729
2 25 2 100 150 60.000
5 181 3 100 187 1.143.850
5 119 3 100 150 600.000
4 9 3 100 180
5 174 3 102 211 2.500.000
5 124 3 103 160 1.103.939
5 330 2 112 240 434.237
4 324 2 112 211 1.800.000
4 161 3 112 213 1.370.968
5 306 2 113 235 2.074.000
5 261 3 119 211 3.000.000
5 204 1 131 225 2.460.634
4 34 2 133 218 96.619
4 27 2 180 250 51.000
4 12 2 215 265 45.000

Solutions

Expert Solution

Note : Running out of time - Able to complete on 3 questions

1.1 Construct the frequency distribution, the percentage distribution and the frequency histogram of the variables ARR_MAY and ARR_AUG for ALL 135 hotels. Use the same class width = 25 for both frequency distributions. Comment on the characteristics of the distributions.

Steps to generate histogram in excel.

Step 1 : Put the data in excel


Step 2 : Create a bin with class width of 25 as shown


Step 3 : Go to data -> data analysis -> histogram


Step 4 : Input the values as shown


Step 5 : The output will be generated as follows.

The frequency distribution and percentage table is shown below.

1.2 Construct separately, the frequency distributions and the percentage distributions of the variable ARR_AUG for each of the three destinations. Use the same class width = 35 for each of the three frequency distributions.

Filter the ARR_Aug data for each region into 3 columns as shown and create a bin of 35 class width.

Follow the steps shown mentioned above to make the histogram for each region

1.3 Construct separately, the frequency distributions and the percentage distributions of the variable ARR_MAY for hotels with a) Number of rooms ≤ 50 considered as small size hotels b) Number of rooms > 50 considered as large size hotels. Use the same class width = 25 for both frequency distributions.

Put the data for the total rooms and ARR May in an excel as shown.
Filter out the data for small room.( Total room less than or equal to 50)
Filter out the data for big hotel (Total room greater than 50)

Follow the steps shown mentioned above to make the histogram for each type of hotel


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