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.

Step by Step Solution

3.36 Rating (177 Votes )

There are 3 Steps involved in it

1 Expert Approved Answer
Step: 1 Unlock

The range is 264 77 1870 The variance is The standard deviat... View full answer

blur-text-image
Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock
Step: 3 Unlock

Document Format (1 attachment)

Word file Icon

1230-M-S-D-A(9259).docx

120 KBs Word File

Students Have Also Explored These Related Statistics Questions!