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The average price of a room (in English pounds) at four-star hotels in cities around the world in 2010 was collected. This data was used
The average price of a room (in English pounds) at four-star hotels in cities around the world in 2010 was collected. This data was used to generate the following boxplot and summary data.
(a) Interpret the measures of central tendency
(b) Interpret the measures of variability.
(c) Describe the shape of the data.
(d) What can you conclude about the average price of a room at a four-star hotel?
Average Room Price (in English Pounds) for a 4-star hotel room in 2010 250 200 150 100 50 Average Price per night. (in English Pounds) Four-Star Mean Standard Error Median Mode Standard Deviation Sample Variance Kurtosis Skewness Range Minimum Maximum Sum Count Four-Star n=42 116.48 5.03 116.50 124.00 32.57 1060.55 0.26 0.56 137.00 63.00 200.00 4892.00 42.00 5 NumberSummary 63 96.5 116.5 134.5 200 Average Room Price (in English Pounds) for a 4-star hotel room in 2010 250 200 150 100 50 Average Price per night. (in English Pounds) Four-Star Mean Standard Error Median Mode Standard Deviation Sample Variance Kurtosis Skewness Range Minimum Maximum Sum Count Four-Star n=42 116.48 5.03 116.50 124.00 32.57 1060.55 0.26 0.56 137.00 63.00 200.00 4892.00 42.00 5 NumberSummary 63 96.5 116.5 134.5 200Step by Step Solution
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