Business, 25.02.2020 00:37 brenda2512

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 $53.

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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