The hotel industry has been greatly impacted by the COVID-19 pandemic. Suppose that traditionally the percentage of available hotel rooms that are occupied each night follows a normal distribution with a mean of 56.3 and a standard deviation of 14.3. Since March of 2020 there have been very few days with an above average hotel occupancy percentage. Based on the distribution above, what must the hotel occupancy percentage be to fall in the top 1.19% of the distribution?
The hotel industry has been greatly impacted by the COVID-19 pandemic. Suppose that traditionally the percentage of available hotel rooms that are occupied each night follows a normal distribution with a mean of 56.3 and a standard deviation of 14.3. Since March of 2020 there have been very few days with an above average hotel occupancy percentage. Based on the distribution above, what must the hotel occupancy percentage be to fall in the top 1.19% of the distribution?
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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