# Question

Consider the price of a hotel room in 20 U.S. cities (Table 5.5.8).

a. Find the average price of a major-city hotel room in the United States, based on this data set.

b. Find the sample standard deviation of these prices.

c. What does the standard deviation tell you about hotel prices in major cities in the United States?

a. Find the average price of a major-city hotel room in the United States, based on this data set.

b. Find the sample standard deviation of these prices.

c. What does the standard deviation tell you about hotel prices in major cities in the United States?

## Answer to relevant Questions

Consider the dollar value (in thousands) of gifts returned to each of your department stores after the holiday season (Table 5.5.9). a. Compute the sample standard deviation. b. Interpret the standard deviation in a ...Consider the return on equity, expressed like an interest rate in percentage points per year, for a sample of companies: 5.5, 10.6, 19.0, 24.5, 6.6, 26.8, 6.2, –2.4, –28.3, 2.3 a. Find the average and standard deviation ...Mutual funds that specialize in the stock of natural resources companies showed considerable variation in their performance during the 12-month period ending July 2010. Consider the Rate of Return column in Table 5.5.3. a. ...Consider the number of executives for all Seattle corporations with 500 or more employees:19 a. Find the average number of executives per firm. b. Find the (sample) standard deviation, and briefly interpret this value. c. ...For the experience variable: Answer the parts of exercise 2. a. Construct a histogram and indicate the average and standard deviation. b. How many employees are within one standard deviation from the average? How does this ...Post your question

0