Listed below are prices in dollars for one night at different hotels in a certain region. Find the range, variance, and standard deviation for the given sample data. Include appropriate units in the results. How usefu are the measures of variation for someone searching for a room? 175 156 123 The range of the sample data is (Round to one decimal place as needed.) The standard deviation of the sample data is (Round to one decimal place as needed.) ▼ The variance of the sample data is (Round to one decimal place as needed.) How useful are the measures of variation for someone searching for a room? 234 206 270 194 114 OA. The measures of variation are very useful because a person does not want to buy a room where the variation is too low. OB. The measures of variation are not very useful because the values are nominal data that do not measure or count anything, so the resulting statistics are meaningless. OC. The measures of variation are very useful because a person does not want to buy a room where the variation is too high. O D. The measures of variation are not very useful because when searching for a room, low prices, location, and good accommodations are more important than the amount of variation in the area. D
Listed below are prices in dollars for one night at different hotels in a certain region. Find the range, variance, and standard deviation for the given sample data. Include appropriate units in the results. How usefu are the measures of variation for someone searching for a room? 175 156 123 The range of the sample data is (Round to one decimal place as needed.) The standard deviation of the sample data is (Round to one decimal place as needed.) ▼ The variance of the sample data is (Round to one decimal place as needed.) How useful are the measures of variation for someone searching for a room? 234 206 270 194 114 OA. The measures of variation are very useful because a person does not want to buy a room where the variation is too low. OB. The measures of variation are not very useful because the values are nominal data that do not measure or count anything, so the resulting statistics are meaningless. OC. The measures of variation are very useful because a person does not want to buy a room where the variation is too high. O D. The measures of variation are not very useful because when searching for a room, low prices, location, and good accommodations are more important than the amount of variation in the area. D
MATLAB: An Introduction with Applications
6th Edition
ISBN:9781119256830
Author:Amos Gilat
Publisher:Amos Gilat
Chapter1: Starting With Matlab
Section: Chapter Questions
Problem 1P
Related questions
Question

Transcribed Image Text:Listed below are prices in dollars for one night at different hotels in a certain region. Find the range, variance, and standard deviation for the given sample data. Include appropriate units in the results. How usefu
are the measures of variation for someone searching for a room?
175
156
123
The range of the sample data is
(Round to one decimal place as needed.)
The standard deviation of the sample data is
(Round to one decimal place as needed.)
The variance of the sample data is
(Round to one decimal place as needed.)
How useful are the measures of variation for someone searching for a room?
234
C
206
270
194
114
O A. The measures of variation are very useful because a person does not want to buy a room where the variation is too low.
O B. The measures of variation are not very useful because the values are nominal data that do not measure or count anything, so the resulting statistics are meaningless.
O C. The measures of variation are very useful because a person does not want to buy a room where the variation is too high.
O D. The measures of variation are not very useful because when searching for a room, low prices, location, and good accommodations are more important than the amount of variation in the area.
Expert Solution

This question has been solved!
Explore an expertly crafted, step-by-step solution for a thorough understanding of key concepts.
Step by step
Solved in 3 steps with 4 images

Recommended textbooks for you

MATLAB: An Introduction with Applications
Statistics
ISBN:
9781119256830
Author:
Amos Gilat
Publisher:
John Wiley & Sons Inc

Probability and Statistics for Engineering and th…
Statistics
ISBN:
9781305251809
Author:
Jay L. Devore
Publisher:
Cengage Learning

Statistics for The Behavioral Sciences (MindTap C…
Statistics
ISBN:
9781305504912
Author:
Frederick J Gravetter, Larry B. Wallnau
Publisher:
Cengage Learning

MATLAB: An Introduction with Applications
Statistics
ISBN:
9781119256830
Author:
Amos Gilat
Publisher:
John Wiley & Sons Inc

Probability and Statistics for Engineering and th…
Statistics
ISBN:
9781305251809
Author:
Jay L. Devore
Publisher:
Cengage Learning

Statistics for The Behavioral Sciences (MindTap C…
Statistics
ISBN:
9781305504912
Author:
Frederick J Gravetter, Larry B. Wallnau
Publisher:
Cengage Learning

Elementary Statistics: Picturing the World (7th E…
Statistics
ISBN:
9780134683416
Author:
Ron Larson, Betsy Farber
Publisher:
PEARSON

The Basic Practice of Statistics
Statistics
ISBN:
9781319042578
Author:
David S. Moore, William I. Notz, Michael A. Fligner
Publisher:
W. H. Freeman

Introduction to the Practice of Statistics
Statistics
ISBN:
9781319013387
Author:
David S. Moore, George P. McCabe, Bruce A. Craig
Publisher:
W. H. Freeman