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?   240 82 93 259 88 192 86 264         Question content area bottom Part 1 The range of the sample data is 182182 dollars.dollars.   ​(Round to one decimal place as​ needed.) Part 2 The standard deviation of the sample data is enter your response here ▼   nights squared .nights2. nights.nights. dollars squared .dollars2. dollars.dollars. ​(Round to one decimal place as​ needed.)

MATLAB: An Introduction with Applications
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ISBN:9781119256830
Author:Amos Gilat
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Chapter1: Starting With Matlab
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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?
 
240
82
93
259
88
192
86
264
 
 
 
 

Question content area bottom

Part 1
The range of the sample data is
182182
dollars.dollars.
 
​(Round to one decimal place as​ needed.)
Part 2
The standard deviation of the sample data is
enter your response here
 
nights squared .nights2.
nights.nights.
dollars squared .dollars2.
dollars.dollars.
​(Round to one decimal place as​ needed.) 
Expert Solution
Step 1

From the provided information,

The data values are as follow:

240, 82, 93, 259, 88, 192, 86, 264

Sample size (n) = 8

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