- Math
- Statistics And Probability
- in new york city the average hotel room costs 234...
Question: in new york city the average hotel room costs 234...
Question details
In New York City the average hotel room costs $234 per night, with a standard deviation of $65. Suppose that you walk into a random hotel and learn their rate is $155 per night. If the rates are normally distributed, what is the probability that if you leave and walk into another random hotel, they will have a lower rate?
Solution by an expert tutor
