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 appropria units in the results. How useful are the measures of variation for someone searching for a room? 146 273 203 The range of the sample data is 218 nights² (Round to one decimal place as needed.) The standard deviation of the sample data is (Round to one decimal place as needed.) 193 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? 240 C…... 300 243 82 Q O A. 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. 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. O C. The measures of variation are very useful because a person does not want to buy a room where the variation is too low. O D. The measures of variation are very useful because a person does not want to buy a room where the variation is too high.

MATLAB: An Introduction with Applications
6th Edition
ISBN:9781119256830
Author:Amos Gilat
Publisher:Amos Gilat
Chapter1: Starting With Matlab
Section: Chapter Questions
Problem 1P
icon
Related questions
Question
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 useful are the measures of variation for someone searching for a room?
146
273
193
203
240
The range of the sample data is 218 nights².
(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?
▼
(...)
300
243
82
Q
O A. 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.
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.
O C. The measures of variation are very useful because a person does not want to buy a room where the variation is too low.
O D. The measures of variation are very useful because a person does not want to buy a room where the variation is too high.
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 useful are the measures of variation for someone searching for a room? 146 273 193 203 240 The range of the sample data is 218 nights². (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? ▼ (...) 300 243 82 Q O A. 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. 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. O C. The measures of variation are very useful because a person does not want to buy a room where the variation is too low. O D. The measures of variation are very useful because a person does not want to buy a room where the variation is too high.
Expert Solution
trending now

Trending now

This is a popular solution!

steps

Step by step

Solved in 4 steps

Blurred answer
Similar questions
  • SEE MORE QUESTIONS
Recommended textbooks for you
MATLAB: An Introduction with Applications
MATLAB: An Introduction with Applications
Statistics
ISBN:
9781119256830
Author:
Amos Gilat
Publisher:
John Wiley & Sons Inc
Probability and Statistics for Engineering and th…
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 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…
Elementary Statistics: Picturing the World (7th E…
Statistics
ISBN:
9780134683416
Author:
Ron Larson, Betsy Farber
Publisher:
PEARSON
The Basic Practice of Statistics
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
Introduction to the Practice of Statistics
Statistics
ISBN:
9781319013387
Author:
David S. Moore, George P. McCabe, Bruce A. Craig
Publisher:
W. H. Freeman