Question: Listed below are prices in dollars for one night at different hotels located on Las Vegas Boulevard (the Strip). How useful are the measures of
Listed below are prices in dollars for one night at different hotels located on Las Vegas Boulevard (the "Strip"). How useful are the measures of variation for someone searching for a room?
212 77 121 104 153 264 195 244
Find the range, variance, and standard deviation for the given sample data. Include appropriate units (such as "minutes") in your results. (The same data were used in Section 3-1, where we found measures of center. Here we find measures of variation.) Then answer the given questions.
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