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? 221 258 75 164 139 275 180 154 The range of the sample data is nothing ▼ dollars squared .dollars2. nights.nights. nights squared .nights2. dollars.dollars. (Round to one decimal place as needed.) The standard deviation of the sample data is nothing ▼ nights.nights. dollars squared .dollars2. dollars.dollars. nights squared .nights2. (Round to one decimal place as needed.) The variance of the sample data is nothing ▼ nights.nights. dollars squared .dollars2. nights squared .nights2. dollars.dollars. (Round to one decimal place as needed.) How useful are the measures of variation for someone searching for a room? 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. B. The measures of variation are very useful because a person does not want to buy a room where the variation is too high. C. The measures of variation are very useful because a person does not want to buy a room where the variation is too low. D. 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.

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Description: 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

MATLAB: An Introduction with Applications

6th Edition

ISBN:9781119256830

Author:Amos Gilat

Publisher:Amos Gilat

Chapter1: Starting With Matlab

Section: Chapter Questions

Problem 1P

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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?

221

258

164

139

275

180

154

The range of the sample data is

nothing

▼

dollars squared .dollars2.

nights.nights.

nights squared .nights2.

dollars.dollars.

(Round to one decimal place as needed.)

The standard deviation of the sample data is

nothing

▼

nights.nights.

dollars squared .dollars2.

dollars.dollars.

nights squared .nights2.

(Round to one decimal place as needed.)

The variance of the sample data is

nothing

▼

nights.nights.

dollars squared .dollars2.

nights squared .nights2.

dollars.dollars.

(Round to one decimal place as needed.)

How useful are the measures of variation for someone searching for a room?

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.

The measures of variation are very useful because a person does not want to buy a room where the variation is too high.

The measures of variation are very useful because a person does not want to buy a room where the variation is too low.

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.

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