Question
New York City is the most expensive city in the United States for lodging. The mean hotel room rate is $205 per night ( USA
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 $226 or more per night (to 4 decimals)?
b.What is the probability that a hotel room costs less than $139 per night (to 4 decimals)?
c.What is the probability that a hotel room costs between $199 and $300 per night (to 4 decimals)?
d.What is the cost of the 20% most expensive hotel rooms in New York City? Round up to the next dollar.
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