The file Hotel Away contains the average room price (in US$) paid in 2011 by people of
Question:
171 166 159 157 150 148 147 146
a. Compute the mean, median, and mode.
b. Compute the range, variance, and standard deviation.
c. Based on the results of (a) and (b), what conclusions can you reach concerning the room price (in US$) in 2011?
d. Suppose that the first value was 200 instead of 171. Repeat (a) through (c), using this value. Comment on the difference in the results.
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Related Book For
Statistics For Managers Using Microsoft Excel
ISBN: 772
7th Edition
Authors: David M. Levine, David F. Stephan, Kathryn A. Szabat
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