Question
In: Statistics and Probability
Listed below are prices in dollars for one night at different hotels in a certain region....
Listed below are prices in dollars for one night at different hotels in a certain region. Find the range, variance, and standard deviation for the given sample data. Include appropriate units in the results. How useful are the measures of variation for someone searching for a room?
270 278 154 144 220 222 178 285
Solutions
Expert Solution
 |
 |
 |
| 270 | 51.125 | 2613.765625 |
| 278 | 59.125 | 3495.765625 |
| 154 | -64.875 | 4208.765625 |
| 144 | -74.875 | 5606.265625 |
| 220 | 1.125 | 1.265625 |
| 222 | 3.125 | 9.765625 |
| 178 | -40.875 | 1670.765625 |
| 285 | 66.125 | 4372.515625 |
 |
 |
The measure of variation is not very useful because when searching for a room, low prices, location, and good accommodations are not more important than the amount of variation in the area.
orchestra answered 1 year agoRelated Solutions
Listed below are prices in dollars for one night at different hotels in a certain region....
Listed below are prices in dollars for one night at different
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the results. How useful are the measures of variation for someone
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The standard deviation of the sample data is
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107
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358
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Chicago
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Denver
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Listed below are the amounts (dollars) it costs for marriage proposal packages at different baseball stadiums....
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36 50 50 55 55 90 95 115 195 206 250 325 500 2000 2500
Listed below are the amounts (dollars) it costs for marriage proposal packages at different baseball stadiums. Find...
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sample data. Include appropriate units in the results. Are there
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38
50
50
65
70
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200
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450
2000
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