solution

Profiling UK rental malls. Refer to the Urban Studies (June 2011) analysis of tenants renting space in United Kingdom regional shopping malls, Exercise 2.11 (p. 74). Recall that tenants were categorized into five different-size groups based on amount of floor space: anchor tenants (more than 30,000 sq. ft.), major space users (between 10,000 and 30,000 sq. ft.), large standard tenants (between 4,000 and 10,000 sq. ft.), small standard tenants (between 1,500 and 4,000 sq. ft.), and small tenants (less than 1,500 sq. ft.). Suppose that a UK mall developer believes that the proportions of tenants in each category are .01, .05, .10, .40, and .44, respectively. In the actual study, 1,821 stores were sampled and the number of stores in each tenant category was reported as 14, 61, 216, 711, and 819, respectively. Use this information to test the mall developer’s belief (at a = .01). What do you conclude?

Exercise 2.11

Profiling UK rental malls. An analysis of the retail rental levels of tenants of United Kingdom regional shopping malls was published in Urban Studies (June 2011). One aspect of the study involved describing the type of tenant typically found at a UK shopping mall. Data were collected for 148 Shopping malls, which housed 1,821 stores. Tenants were categorized into five different-size groups based on amount of floor space: anchor tenants (more than 30,000 square feet), major space users (between 10,000 and 30,000 sq. ft.), large standard tenants (between 4,000 and 10,000 sq. ft.), small standard tenants (between 1,500 and 4,000 sq. ft.), and small tenants (less than 1,500 sq. ft.). The number of stores in each tenant category was reported as 14, 61, 216, 711, and 819, respectively. Use this information to construct a Pareto diagram for the distribution of tenant groups at UK shopping malls. Interpret the graph.