The average cost per night of a hotel room in new york city, Ask an Expert

Statistics

The average cost per night of a hotel room in New York City is $273. Assumes this estimate is based on a sample of 45 hotels and that the sample std. 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.

View complete question

Statistics and Probability, Statistics

Category:- Statistics and Probability
Reference No.:- M996429

Have any Question?Write your Review or question?

Related Questions in Statistics and Probability

Great start to our discussion on short term planning and

Great start to our discussion on short term planning and the operating and cash cycles. talk about if every businesses have similar operating cycles? If not give examples of how and why they are different? Give referen ...

A political researcher wants to determine if there is an

A political researcher wants to determine if there is an association between gender (male, female) and political party affiliation (Democrat, Republican, Independent). What type of statistical test should be used?

The seaboard shipping company has a warehouse terminal in

The Seaboard Shipping Company has a warehouse terminal in Spartanburg, South Carolina. The capacity of each terminal dock is 3 trucks. As trucks enter the terminal, the drivers receive numbers, and when one of the three ...

The service manager for anbspcar dealership reviewed sales

The service manager for a car dealership reviewed sales records of the past 25 sales of new cars to determine the number of warranty repairs he will be called on to perform in the next 90 days. Corporate reports indicate ...

Show worksuppose you are thinking of purchasing the moore

Show Work Suppose you are thinking of purchasing the Moore Co.'s common stock today. If you expect Moore to pay $1.2, $1.26, $1.323, and $1.39 dividends at the end of year one, two, three, and four respectively and you b ...

A study of cancer was conducted among 10000 men in the

A study of cancer was conducted among 10,000 men in the United States who were 40-75 years of age. Every two years questionnaires are sent to these individuals, and newly diagnosed cases of various cancers were reported. ...

A nutritional scientist wishes to study the effect of

A nutritional scientist wishes to study the effect of storage time on the amount of vitamin C (milligrams) contained in 50 gram freeze dried fruit packs when stored for one, one and a half and 2 years. Five fruit packs w ...

The glen arboretum wants to start removing invasive norway

The Glen arboretum wants to start removing invasive Norway Maple trees. To determine just how bad the problem is you set up five plots that are three meters on each side. You find that your plots have 2, 5, 9, 1, and 3 N ...

A researcher working at a particular company wants to know

A researcher working at a particular company wants to know if workers' health would improve if they were given extra days 'off. In this company, all workers undergo a standard physical exam twice a year and after each ex ...

A stat 200 instructor wants to know if students tend to

A STAT 200 instructor wants to know if students tend to score differently on the lesson 4 and 5 quizzes. Data were collected from a representative sample of 60 students during the Summer 2018 semester. Data were paired b ...

4,153,160 Questions Asked
13,132 Experts
2,558,936 Questions Answered

Ask Experts for help!!

Looking for Assignment Help?

Start excelling in your Courses, Get help with Assignment

Write us your full requirement for evaluation and you will receive response within 20 minutes turnaround time.

Ask Now Help with Problems, Get a Best Answer

Recent Questions

Ask Statistics and Probability Expert