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According to a recent? survey, the average daily rate for a luxury hotel is ?$235.54. Assume the daily rate follows a normal probability distribution with a standard deviation of ?$21.92. Complete parts a through d below.
a. What is the probability that a randomly selected luxury? hotel's daily rate will be less than $ 251?
b. What is the probability that a randomly selected luxury? hotel's daily rate will be more than $ 260?
c. What is the probability that a randomly selected luxury? hotel's daily rate will be between $ 238 and $ 258?
d. The managers of a local luxury hotel would like to set the? hotel's average daily rate at the 90th ?percentile, which is the rate below which 90?% of? hotels' rates are set. What rate should they choose for their? hotel?
The managers should choose a daily rate of ?$
With the data of Exercise 1, estimate the total amount spent on medical care for the disease using the Horvitz-Thompson estimator, and estimate its variance.
Using this percentage and random digits, make a frequency table of the longest run of heads in a sequence of 200 attempts. After following the player for 200 field goal attempts, do you see any evidence of an unusually long streak?
Find the expected number of visits to six o'clock, starting from six o'clock, before visiting twelve o'clock.
the shape of the distribution of the time required to get an oil change at a 15-minute oil-change facility is unknown.
Suppose that, when we survey 20 randomly selected dish owners, we fi nd that 4 of the dish owners actually subscribe to at least one premium movie channel. Using a probability you found in this exercise as the basis for your answer, do you believe..
You observe that classmates who get good grades tend to sit toward the front of the classroom, and those who receive poorer grades tend to sit toward the back.
A national survey of engineering school graduates indicates that only 10% of them have had a course in statistics. (a) Find the probability that in a random sample of five engineering grad uates exactly two have had a course in statistics.
The driving factor to any venture might be simple and at times complicated. As an expert in this field, describe internal and external motivational factors for any entrepreneur. Add any other relevant information you find on the topic.
How does your proposed design deal with the extraneous variable temperature?
Speculate on the most significant potential consequences should a health care organization neglect to think strategically.
Assuming the admission rate is still 16%, in a sample of 100 applicants to Cornell, what is the probability that exactly 15 will be admitted?
Two boxes of men's Old Navy shirts were received from the factory. Given this information, what is the probability that the mesh polo shirt came from box 1
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