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Can you please how to calculate d? Thanks Question 3, 6.2.8-T 1 correct Part 4 of 4 0 Points: 0 of 1 According to a
Can you please how to calculate d? Thanks
Question 3, 6.2.8-T 1 correct Part 4 of 4 0 Points: 0 of 1 According to a recent survey, the average daily rate for a luxury hotel is $233.01. Assume the daily rate follows a normal probability distribution with a standard deviation of $21 .91. Complete parts a thr0ugih d below. m i ' __ v 7 7 , 7 , ._\" 7' a.What is the probability that a randomly selected luxury hotel's daily rate will be less than $253? b.3186 (Round to four decimal places as needed.) 7 b. What is the probability that a randomly selected luxury hotel's daily rate will be more than $257? 91379 (Round to four decimal places as needed.) :7 c: What is the probability that a randomly selected luxury hotel's daily rate will be between $243 and 52133;? 072375 (Rodnd to four decimal places as needed.) L d The managers of a local luxury hotel would like to set the hotel's average daily rate at the 75th 7 percentile, which is the rate below which 75% of hotels' rates are set. What rate should they choose for their hotel? The managers should choose a daily rate of 3D (Round to the nearest cent as needed.)Step by Step Solution
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