The file HotelAway contains the average room price (in US$) paid by various nationalities while traveling abroad

Question:

The file HotelAway contains the average room price (in US$) paid by various nationalities while traveling abroad (away from their home country) in 2016:

124 101 115 126 114 112 138 85 138 96 130 116 132


a. Compute the mean, median, and mode.

b. Compute the range, variance, and standard deviation.

c. Based on the results of (a) and (b), what conclusions can you reach concerning the room price (in USD) paid by international travelers while traveling to various countries in 2016?

d. Suppose that the last value was 175 instead of 132. Repeat (a) through (c), using this value. Comment on the difference in the results.

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Related Book For  book-img-for-question

Basic Business Statistics Concepts And Applications

ISBN: 9780134684840

14th Edition

Authors: Mark L. Berenson, David M. Levine, Kathryn A. Szabat, David F. Stephan

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