Question

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 $53. 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 $142 per night (to 4 decimals)?

c. What is the probability that a hotel room costs between $201 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.
$ or - Select your answer -more/less

Answer 1