Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

i need help According to a travel company, the mean charges for a hotel room in the US were $92.51 per dayin 2010.Assume the current

i need help

According to a travel company, the mean charges for a hotel room in the US were $92.51 per dayin 2010.Assume the current hotel room rates in US have a normal distribution with a mean of $92.51 and standard deviation of $12.Find the percentage of hotel rooms in US that have a room rate between $75 and $125.To earn complete credit, your answer needs to show work as demonstrated in course materials.Your answer needs to (1) identify the type of normal application problem - probabilty, percentage, or score, (2) include the sequence of steps to be followed to solve the problem, (3) shows calculations used and values used from the standard normal table, and (5) type "percentage" next to your final answer(not writing a sentence).

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Elementary Algebra Graphs & Authentic Applications (Subscription)

Authors: Jay Lehmann

3rd Edition

0134781252, 9780134781259

More Books

Students also viewed these Mathematics questions

Question

What is a verb?

Answered: 1 week ago

Question

1. To gain knowledge about the way information is stored in memory.

Answered: 1 week ago