For a trip to Miami, Florida, over spring break in 2014, the data below (obtained from travelocity.com)

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For a trip to Miami, Florida, over spring break in 2014, the data below (obtained from travelocity.com) show the price per night (in U.S. dollars) for various hotel rooms.

196 245 237 245 255 190 310 218 330 124 162 175 330 178 178 239 386 190 145


a. Construct a stem-and-leaf plot. Truncate the data to the first two digits for purposes of constructing the plot. For example, 239 becomes 23.
b. Reconstruct the stem-and-leaf plot in part a by using split stems; that is, two stems of 1, two stems of 2, and so on. Compare the two stem-and-leaf plots. Explain how one may be more informative than the other.
c. Sketch a histogram by hand (or use software), using 6 intervals of length 50, starting at 100 and ending at 400. What does the plot tell about the distribution of hotel prices? (Mention where most prices tend to fall and comment about the shape of the distribution.)

Distribution
The word "distribution" has several meanings in the financial world, most of them pertaining to the payment of assets from a fund, account, or individual security to an investor or beneficiary. Retirement account distributions are among the most...
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Statistics The Art And Science Of Learning From Data

ISBN: 9780321997838

4th Edition

Authors: Alan Agresti, Christine A. Franklin, Bernhard Klingenberg

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