A travel agent is interested in the average price of a hotel room during the summer in a resort community. The agent randomly selects 1717 hotels from the community and determines the price of a regular room with a king size bed. The average price of the room for the sample was $140$140 with a standard deviation of $45$45. Assume the prices are normally distributed. Construct an interval to estimate the true average price of a regular room with a king size bed in the resort community with 99%99% confidence. Round the endpoints to two decimal places, if necessary. Lower Endpoint=
A travel agent is interested in the average price of a hotel room during the summer in a resort community. The agent randomly selects 1717 hotels from the community and determines the price of a regular room with a king size bed. The average price of the room for the sample was $140$140 with a standard deviation of $45$45. Assume the prices are normally distributed. Construct an interval to estimate the true average price of a regular room with a king size bed in the resort community with 99%99% confidence. Round the endpoints to two decimal places, if necessary. Lower Endpoint=
Glencoe Algebra 1, Student Edition, 9780079039897, 0079039898, 2018
18th Edition
ISBN:9780079039897
Author:Carter
Publisher:Carter
Chapter10: Statistics
Section10.4: Distributions Of Data
Problem 19PFA
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A travel agent is interested in the average price of a hotel room during the summer in a resort community. The agent randomly selects 1717 hotels from the community and determines the price of a regular room with a king size bed. The average price of the room for the sample was $140$140 with a standard deviation of $45$45. Assume the prices are normally distributed . Construct an interval to estimate the true average price of a regular room with a king size bed in the resort community with 99%99% confidence. Round the endpoints to two decimal places, if necessary.
Lower Endpoint=
Upper Endpoint=
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