The table (data are available on the books website) provides prices per night for all 51 available

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The table (data are available on the book’s website) provides prices per night for all 51 available hotel rooms (as of December 2014) in Panama City Beach, Florida, for a week in March 2015 (spring break). The distribution of these prices is characterized by μ = $196 and σ = $57.4.

Hotel ...............................................................Price
St. Thomas Square ........................................75
American Quality Lodge ...............................92
Hathaway Inn ...............................................105
Top Of The Gulf ............................................129
Palm Grove ....................................................134
Shores of Panama ........................................139
Sleep Inn ........................................................140
La Quinta .......................................................155
Beachside Resort ..........................................156
Hawthorn Suites ...........................................159
Origin Beach ..................................................159
The Reef .........................................................159
Casa Loma .....................................................163
Sunbird Beach ..............................................165
a. Find the mean of the x-values in part b. How does it compare to the value you would expect in a long run of repeated samples of size 9?
b. Find the standard deviation of the x-values in part b. How does it compare to the value you would expect in a long run of repeated samples of size 9?

Distribution
The word "distribution" has several meanings in the financial world, most of them pertaining to the payment of assets from a fund, account, or individual security to an investor or beneficiary. Retirement account distributions are among the most...
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Statistics The Art And Science Of Learning From Data

ISBN: 9780321997838

4th Edition

Authors: Alan Agresti, Christine A. Franklin, Bernhard Klingenberg

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