A travel agent is interested in the average price of a hotel room during the summer in a resort community. The agent randomly selects 16 hotels from the community and determines the price of a regular room with a king size bed. The average price of the room for the sample was $145 with a standard deviation of $35. Assume the prices are normally distributed. Construct an interval to estimate the true average price of a regular room with a king size bed in the resort community with 90 % confidence. Round the endpoints to two decimal places, if necessary. Answer Lower Endpoint= Keypad Keyboard Shortcut Tables

MATLAB: An Introduction with Applications
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ISBN:9781119256830
Author:Amos Gilat
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section 9.2

A travel agent is interested in the average price of a hotel room during the summer in a resort community. The agent randomly selects 16
hotels from the community and determines the price of a regular room with a king size bed. The average price of the room for the sample
was $145 with a standard deviation of $35. Assume the prices are normally distributed. Construct an interval to estimate the true
average price of a regular room with a king size bed in the resort community with 90% confidence. Round the endpoints to two decimal
places, if necessary.
Answer
Lower Endpoint=
Upper Endpoint=
Tables
Keypad
Keyboard Shortcuts
Transcribed Image Text:A travel agent is interested in the average price of a hotel room during the summer in a resort community. The agent randomly selects 16 hotels from the community and determines the price of a regular room with a king size bed. The average price of the room for the sample was $145 with a standard deviation of $35. Assume the prices are normally distributed. Construct an interval to estimate the true average price of a regular room with a king size bed in the resort community with 90% confidence. Round the endpoints to two decimal places, if necessary. Answer Lower Endpoint= Upper Endpoint= Tables Keypad Keyboard Shortcuts
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