Suppose that we randomly select 50 billing statements from each of the computer databases of the Hotel A, the Hotel B, and the Hotel C chains, and record the nightly room rates. The means and standard...


q8


Suppose that we randomly select 50 billing statements from each of the computer databases of the Hotel A, the Hotel B, and the Hotel C chains, and record the nightly room rates. The means and standard deviations for the data are given in the table.<br>Hotel A<br>Hotel B<br>Hotel C<br>Sample Average ($)<br>140<br>160<br>125<br>Sample Standard<br>Deviation<br>17.1<br>22.8<br>12.6<br>(a) Find a 95% confidence interval for the difference in the average room rates for the Hotel A and the Hotel B chains. (Use Hotel A - Hotel B. Round your answers to two decimal places.)<br>$ -12.10<br>to $ -27.90<br>

Extracted text: Suppose that we randomly select 50 billing statements from each of the computer databases of the Hotel A, the Hotel B, and the Hotel C chains, and record the nightly room rates. The means and standard deviations for the data are given in the table. Hotel A Hotel B Hotel C Sample Average ($) 140 160 125 Sample Standard Deviation 17.1 22.8 12.6 (a) Find a 95% confidence interval for the difference in the average room rates for the Hotel A and the Hotel B chains. (Use Hotel A - Hotel B. Round your answers to two decimal places.) $ -12.10 to $ -27.90

Jun 02, 2022
SOLUTION.PDF

Get Answer To This Question

Related Questions & Answers

More Questions »

Submit New Assignment

Copy and Paste Your Assignment Here