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Statistic Two-star Three-star Four-star Minimum 22 35 72 Maximum 116 161 206 Range 94 126 134 1 st Quartile 47 73.35 92.75 Median 69.5 87

Statistic

Two-star

Three-star

Four-star

Minimum

22

35

72

Maximum

116

161

206

Range

94

126

134

1st Quartile

47

73.35

92.75

Median

69.5

87

125.5

3rd Quartile

78.25

104.75

150

Mean

65.07

89.73

127.73

Variance (n-1)

473.8

761.65

1583.6

Standard Dev (n-1)

21.76

27.59

39.79

IQR

31.25

31.5

57.25

Coefficient of Variation

33.4%

30.7%

31.1%

  • State the average prices of the 2-star, 3-star, and 4-star hotels, respectively.
  • State the middle-rank prices (median) of the 2-star, 3-star, and 4-star hotels, respectively.
  • State the difference in prices between the lowest and highest price hotels of the 2-star, 3-star, and 4-star hotels, respectively.
  • State the difference in prices among the middle 50% for the 2-star, 3-star, and 4-star hotels, respectively.
  • State the typical distance of the prices around the mean for the 2-star, 3-star, and 4-star hotels, respectively.
  • State the average spread around the mean relative to the mean prices of the 2-star, 3-star, and 4-star hotels, respectively.

data retrieved from this: (City) Two-Star /Three-Star / Four-Star Amsterdam 74 / 88 / 116 Bangkok 23 / 35 / 72 Barcelona 65 / 90/ 106 Beijing 35 / 50 /79 Berlin 63 / 58 / 76 Boston 102 / 132 / 179 Brussels 66/ 85 / 98 Cancun 42 / 85 / 205 Chicago 66 / 115 / 142 Dubai 84 / 67 / 111 Dublin 48/ 66 / 87 Edinburgh 72 / 82 / 104 Frankfurt 70 / 82 / 107 Hong Kong 42 / 87 / 131 Istanbul 47/ 77 / 91 Las Vegas 41 / 47 / 85 Lisbon 36/ 56 / 74 London 74 / 90 / 135 Los Angeles 80 / 118 /200 Madrid 47 / 66 / 79 Miami 84 / 124/ 202 Montreal 76 / 113/ 148 Mumbai 41/ 72/ 90 Munich 79/ 97/ 115 New York 116/ 161/ 206 Nice 69/ 87 /133 Orlando 45/ 78/ 120 Paris 76/ 104 / 150 Rome 75 / 82/ 108 San Francisco 92 / 137/ 176 Seattle 95/ 120/ 166 Shanghai 22/ 49/ 79 Singapore 58/ 104/ 150 Tokyo 50/ 82/ 150 Toronto 72/ 92/ 149 Vancouver 74/ 105/ 146 Venice 87 / 99 / 131 Washington 85/ 128/ 158

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