A travel agent is interested in the average price of a hotel room during the summer in a resort community. The agent randomly selects 20 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 $120 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 99% confidence. Round the endpoints to two decimal places, if necessary. Answer Lower Endpoint Upper Endpoint Keypad Keyboard Shortcuts m Tables

MATLAB: An Introduction with Applications
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Author:Amos Gilat
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A travel agent is interested in the average price of a hotel room during the summer in a resort community. The agent randomly selects 20 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 $120 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 99%
confidence. Round the endpoints to two decimal places, if necessary.
Answer
Lower Endpoint
3-
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 20 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 $120 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 99% confidence. Round the endpoints to two decimal places, if necessary. Answer Lower Endpoint 3- Upper Endpoint Tables Keypad Keyboard Shortcuts
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