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The average daily rate of a hotel in Canada as of August 2018 was $183.75. Assume the average daily rate follows a normal distribution
The average daily rate of a hotel in Canada as of August 2018 was $183.75. Assume the average daily rate follows a normal distribution with a standard deviation of $28.80. Standard Normal Distribution Table a. What is the probability that the average daily rate of a Canadian hotel will be: (i) less than $170 P(X < 170) = (ii) more than $210 P(X210) = 0 = 0 (iii) Between $145 and $195 P (145X
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Making Hard Decisions with decision tools
Authors: Robert Clemen, Terence Reilly
3rd edition
538797576, 978-0538797573
