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Quantitative Question 2 A pricing analytics company collected data on the price charged per night for a single hotel room (in %) in a city
Quantitative Question 2 A pricing analytics company collected data on the price charged per night for a single hotel room (in %) in a city in the US. After analyzing the data, the company found that the average price was $149.20 and the standard deviation was $47.46. Use this information to answer the questions below. Quantitative Question 2a One of the hotels charged $200 per night. If I standardize the data, what will be the associated zscore for this hotel? QUESTION 7 Quantitative Question 2b Is the hotel from 2a considered an outlier? Yes No QUESTION 8 Quantitative Question 2c One of the hotels had a price of $350 per night. If you standardize the data, what is the associated score for this hotel? Quantitative Question 2d Is the hotel from 2c considered an outlier? Yes No QUESTION 10 Quantitative Question 2e What is the coefficient of variation for the hotel prices? (When entering this answer, if you get a value of 50%, enter the number 50) QUESTION 11 Quantitative Question 2f The same company collected price data (in euros) from hotels in a city in Italy. They found a mean of 210.6 euros, a standard deviation of 51.52 euros, and a coefficient of variation of 24.46%. Which of the following claims can you make? The hotels in Italy have higher variability than the US because the standard deviation is higher The hotels in Italy have lower variability than in the US because the coefficient of variation is lower The hotels in Italy have similar variability as those in the US because the standard deviations are similar
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