New York City is the most expensive city in the United States for lodging. The mean hotel room rate is $203 per night ( USA Today , April 30, XXXXXXXXXXAssume that room rates are normally distributed...


New York City is the most expensive city in the United States for lodging. The mean hotel room rate is $203 per night (USA Today, April 30, 2012). Assume that room rates are normally distributed with a standard deviation of $55. Use Table 1 in Appendix B.



a.What is the probability that a hotel room costs $226 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 $199 and $299 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



Jun 10, 2022
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