The file HotelAway contains the average room price (in English pounds) paid in 2012 by people of

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The file HotelAway contains the average room price (in English pounds) paid in 2012 by people of various nationalities while traveling away from their home country:
171 169 158 164 158 135 150 141
Source: Data extracted from bit.ly/XPtF0Y.
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 2012?
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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Basic Business Statistics

ISBN: 9780321870025

13th Edition

Authors: Mark L. Berenson, David M. Levine, Kathryn A. Szabat

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