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The average cost per night of a hotel room in New York City is $273 (SmartMoney, March 2009).
Assume this estimate is based on a sample of 45 hotels and that the sample standard deviation is $65.
a. With 95% confidence, what is the margin of error?
b. What is the 95% confidence interval estimate of the population mean?
c. Two years ago the average cost of a hotel room in New York City was $229. Discuss the change in cost over the two-year period.
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which one is better skewed or kurtic distributed data?
how r yopu
Print out your results and bring them with you to the midterm as there will be additional questions on the midterm related to this analysis. You must hand in your take-home by the
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1. ABC produces a single product. Material A is added at the start of production and Material B at the end. Conversion is uniform throughout. Inspection before Material B is added.
A study of a new anti-depressant drug took a sample of 10 individuals with high depression screening measures (DSM) and gave them the drug for three months. At the end of the thre
Why index numbers serve as economic barometers?
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