The hotel room rate in New York City is normally distributed with a mean of $295 per night. Assume that the standard deviation is unknown. (See exercise 25 on page 289 of your textbook for a similar...

Extracted text: The hotel room rate in New York City is normally distributed with a mean of $295 per night. Assume that the standard deviation is unknown. (See exercise 25 on page 289 of your textbook for a similar problem.) Question 5 If 2 2% of the New York City hotel room rates are more t han $ 3 2 5 per n ight, what is the variance? (Remember t he label.