According to Travel and Leisure the average hotel price in
According to Travel and Leisure, the average hotel price in the Miami, Florida, was $ 156 per night in 2012. Assume the population standard deviation is $ 26.00 and that a random sample of 35 hotels was selected.
a. Calculate the standard error of the mean.
b. What is the probability that the sample mean will be less than $ 160?
c. What is the probability that the sample mean will be more than $ 163?
d. What is the probability that the sample mean will be between $ 147 and $ 151?
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