New York City is the most expensive city in the United States for lodging. The mean hotel room rate is $203 per night (USA Today, April 30, 2012). Assume that room rates are normally distributed with a standard deviation of $55. Use Table 1 in Appendix B. a.  What is the probability that a hotel room costs $226 or more per night (to 4 decimals)?  b.  What is the probability that a hotel room costs less than $140 per night (to 4 decimals)?  c.  What is the probability that a hotel room costs between $199 and $299 per night (to 4 decimals)?  d.  What is the cost of the 20% most expensive hotel rooms in New York City? Round up to the next dollar

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Q: Question attached

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A:

Estimation

A new framework of data analysis where the new statistical methods are used for interpreting the results and analyzing the data is known as estimation in statistics.