A hotel manager wants to ensure their premium suites are priced competitively. They obtain a sample...
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A hotel manager wants to ensure their premium suites are priced competitively. They obtain a sample of 18 nearby hotels with similar rooms and see a mean price of $352.83, and they know the population standard deviation is $9.61. Calculate the margin of error for a 95% confidence interval for the population mean. Round your answer to 2 decimal places. Recall Canvas truncates trailing Os automatically without loss of marks (e.g. if you enter 1.00, Canvas changes this to 1, and you do not lose marks as a result). A hotel manager wants to ensure their premium suites are priced competitively. They obtain a sample of 18 nearby hotels with similar rooms and see a mean price of $352.83, and they know the population standard deviation is $9.61. Calculate the margin of error for a 95% confidence interval for the population mean. Round your answer to 2 decimal places. Recall Canvas truncates trailing Os automatically without loss of marks (e.g. if you enter 1.00, Canvas changes this to 1, and you do not lose marks as a result).
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