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New York City is the most expensive city in the United States for lodging. The mean hotel room rate is $205 per night (USA Today.
New York City is the most expensive city in the United States for lodging. The mean hotel room rate is $205 per night (USA Today. April 30, 2012). Assume that room rates are normally distributed with a standard deviation of $54. a. What is the probability that a hotel room costs $227 or more per night (to 4 decimals)? 0.3409 You are correct b. What is the probability that a hotel room costs less than $140 per night (to 4 decimals)? 0.1170 X You are Incorrect C. What is the probability that a hotel room costs between $201 and $300 per night (to 4 decimals)? OART You are correct d. What Is the cost of the 20% most expensive hotel rooms in New York City? Round up to the next dollar (Hint: Find the Both percentile of hotel room rates in $) 160 X or higher
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