Question: A study was conducted to determine the average rate per night of the Marriott hotel rooms with queen size bed. A sample of n =
A study was conducted to determine the average rate per night of the Marriott hotel rooms with queen size bed. A sample of n = 60 were selected from Marriott database has a mean of $146 and standard deviation of $22.2. What is the lower bound of the 95% confidence interval when estimating the true average rate per night of the Marriott hotel rooms with a queen size bed?
Write the answer with one decimal place.
Step by Step Solution
There are 3 Steps involved in it
Get step-by-step solutions from verified subject matter experts
