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Mathematics, 28.02.2020 01:28 tiwaribianca475
New York City is the most expensive city in the United States for lodging. The mean hotel room rate is $204 per night (USA Today, April 30, 2012). Assume that room rates are normally distributed with a standard deviation of $55.
a. What is the probability that a hotel room costs $225 or more per night (to 4 decimals)?
b. What is the probability that a hotel room costs less than $140 per night (to 4 decimals)?
c. What is the probability that a hotel room costs between $200 and $300 per night (to 4 decimals)?
d. What is the cost of the 20% most expensive hotel rooms in New York City? Round up to the next dollar.
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New York City is the most expensive city in the United States for lodging. The mean hotel room rate...
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