New York City is the most expensive city in the United States for lodging. The mean hotel room rate is $204 per night.† Assume that room rates are normally distributed with a standard deviation of...

New York City is the most expensive city in the United States for lodging. The mean hotel room rate is $204 per night.† Assume that room rates are normally distributed with a standard deviation of $55.

(a)

What is the probability that a hotel room costs $265 or more per night? (Round your answer to four decimal places.)

(b)

What is the probability that a hotel room costs less than $140 per night? (Round your answer to four decimal places.)

(c)

What is the probability that a hotel room costs between $210 and $290 per night? (Round your answer to four decimal places.)

(d)

What is the cost in dollars of the 20% most expensive hotel rooms in New York City? (Round your answer to the nearest cent.)

Jun 10, 2022

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New York City is the most expensive city in the United States for lodging. The mean hotel room rate is $204 per night.† Assume that room rates are normally distributed with a standard deviation of...

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