Statistical Analysis of Room Prices in UK Hotels

Individual Report

INTRODUCTION
Correlation is the statistical tool that shows the relationship between
the two different variables. The relationship between such two
variables can be positive, negative and in further such relationship can
be higher, moderate and lower. It is considered to be the common tool
for describing the common relationship without making a statement
about cause and its effect. Regression is the statistical method used in
finance and investment made in various sectors, that will help in
determining the importance and character of the relationship between

Compute the average price of the cost of rooms per
night.
The average price which is charged for per room will be $ 105.73 for per night
per room. This average price is gathered and evaluated amongst the various and
multiple types of data that have been collected from the various hotels in the
UK city.
Descriptive Statistics
N Mean
price 1625 105.73
Valid N (listwise) 1625