Question

TABLE C6-1: Brande Properties Northwest Sleep Inn Rooms Rented in June, 2017
Date	Rooms Rented
1-Jun	30
2-Jun	36
3-Jun	49
4-Jun	48
5-Jun	27
6-Jun	29
7-Jun	29
8-Jun	34
9-Jun	37
10-Jun	51
11-Jun	59
12-Jun	49
13-Jun	37
14-Jun	40
15-Jun	44
16-Jun	47
17-Jun	59
18-Jun	62
19-Jun	50
20-Jun	41
21-Jun	46
22-Jun	40
23-Jun	50
24-Jun	58
25-Jun	64
26-Jun	60
27-Jun	57
28-Jun	51
29-Jun	43
30-Jun	47

Calculate the population mean for daily rooms rented in June, 2017. Calculate the standard deviation.

Answer 1

Solution: Population mean and Standard deviation calculated as follows.

Room rented as consider x

Population Mean= =

=

=45.8

Variance ==

=

=106.4933

Square root or the variance is known as the standard deviation

Standard deviation= =

=10.31956