Question
New York City is the most expensive city in the United States for lodging. The mean hotel room rate is $204 per night. Assume that
New York City is the most expensive city in the United States for lodging. The mean hotel room rate is $204 per night. Assume that romm rates are normally distributed with a standard deviation of $55.
A) What is the probability that a hotel room costs $225 or more per night?
B) What is the probability that a hotel room costs less than $140 per night?
C) What is the probability that a hotel room costs between $200 and $300 per night?
D) What is the cost of the 20% most expensive hotel room in New York City?
Please use the excel formula to work on it
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