Major conventions and conferences attract thousands of people and pump millions of dollars into the local economy

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Major conventions and conferences attract thousands of people and pump millions of dollars into the local economy of the host city. The decision as to where to hold such conferences hinges to a large extent on the availability of hotel rooms. The table, extracted from The Wall Street Journal (Nov. 17,1995), lists the top ten U.S. cities ranked by the number of hotel rooms.

a. Find and interpret the median for each of the data sets.

b. For each city, calculate the ratio of the number of rooms to the number of hotels. Then find the average number of rooms per hotel in each city.

c. Re-rank the cities based on your answer to part b.

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Statistics For Business And Economics

ISBN: 9780130272935

8th Edition

Authors: James T. McClave, Terry Sincich, P. George Benson

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