The file Hotel Away contains the average room price (in US$) paid in 2011 by people of

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The file Hotel Away contains the average room price (in US$) paid in 2011 by people of various nationalities while traveling away from their home country:
171 166 159 157 150 148 147 146
a. Compute the mean, median, and mode.
b. Compute the range, variance, and standard deviation.
c. Based on the results of (a) and (b), what conclusions can you reach concerning the room price (in US$) in 2011?
d. Suppose that the first value was 200 instead of 171. Repeat (a) through (c), using this value. Comment on the difference in the results.
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Statistics For Managers Using Microsoft Excel

ISBN: 9780133130805

7th Edition

Authors: David M. Levine, David F. Stephan, Kathryn A. Szabat

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