The hotel industry has been greatly impacted by the COVID-19 pandemic. Suppose that traditionally the percentage of available hotel rooms that are occupied each night follows a normal distribution...


The hotel industry has been greatly impacted by the COVID-19 pandemic.<br>Suppose that traditionally the percentage of available hotel rooms that are<br>occupied each night follows a normal distribution with a mean of 56.3 and a<br>standard deviation of 14.3.<br>Since March of 2020 there have been very few days with an above average hotel<br>Occupancy percentage. Based on the distribution above, what must the hotel<br>occupancy percentage be to fall in the top 1.19% of the distribution?<br>

Extracted text: The hotel industry has been greatly impacted by the COVID-19 pandemic. Suppose that traditionally the percentage of available hotel rooms that are occupied each night follows a normal distribution with a mean of 56.3 and a standard deviation of 14.3. Since March of 2020 there have been very few days with an above average hotel Occupancy percentage. Based on the distribution above, what must the hotel occupancy percentage be to fall in the top 1.19% of the distribution?

Jun 10, 2022
SOLUTION.PDF

Get Answer To This Question

Related Questions & Answers

More Questions »

Submit New Assignment

Copy and Paste Your Assignment Here