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Question
New York City is the most expensive city in the United States for lodging. The mean hotel room rate is $204 per night. Suppose that room rates are normally distributed with a standard deviation of $55.
a. What is the possibility that a hotel room costs $225 or more per night?
Solution
VerifiedAnswered 1 year ago
Answered 1 year ago
Step 1
1 of 7In this task, we will calculate the probability that the value of a normal random variable , which has the mean of and the standard deviation of , will be greater or equal to .
To be more precise, we will calculate the probability that the value of a normal random variable will be inside the interval .
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