According to Travel and Leisure, the average hotel price in the Miami, Florida, was $ 156 per

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According to Travel and Leisure, the average hotel price in the Miami, Florida, was $ 156 per night in 2012. Assume the population standard deviation is $ 26.00 and that a random sample of 35 hotels was selected.

a. Calculate the standard error of the mean.

b. What is the probability that the sample mean will be less than $ 160?

c. What is the probability that the sample mean will be more than $ 163?

d. What is the probability that the sample mean will be between $ 147 and $ 151?

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Business Statistics

ISBN: 9780321925121

2nd Edition

Authors: Robert A. Donnelly

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Question Posted: Jul 17, 2015 03:16 AM

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According to Travel and Leisure, the average hotel price in the Miami, Florida, was $ 156 per

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