# 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? X24914419280148260256105

Question
Asked Dec 2, 2019
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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?

X

249
144
192
80
148
260
256
105

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Step 1

Step-by-step procedure to obtain the range, variance, and standard deviation using Excel:

• In Excel sheet, enter X in one column.
• In Data, select Data Analysis and choose Descriptive Statistics.
• In Input Range, select S.
• select Summary Statistics.
• Click Labels.
• Click Ok.
Step 2

Output obtained using Exc...

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