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

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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