New York City is the most expensive city in the United States for lodging. The mean hotel room rate is $205 per night (USA Today, April 30, 2012). Assume that room rates are normally distributed with a standard deviation of $54. Use Table 1 in Appendix B. a. What is the probability that a hotel room costs $226 or more per night (to 4 decimals)? 0.3483 b. What is the probability that a hotel room costs less than $139 per night (to 4 decimals)? 0.112 c. What is the probability that a hotel room costs between $200 and $300 per night (to 4 decimals)? 0.4967 d. What is the cost of the 20% most expensive hotel rooms in New York City? Round up to the next dollar. or more

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