According to a recent survey, the average daily rate for a luxury hotel is $235.56. Assume the daily rate follows a norm
Posted: Mon Jul 11, 2022 11:23 am
According to a recent survey, the average daily rate for a luxury hotel is $235.56. Assume the daily rate follows a normal probability distribution with a standard deviation of $21.51. Complete parts a through d below. a. What is the probability that a randomly selected kaxury hotel's daily rate will be less than $2487 (Round to four decimal places as needed)