The management of a chain of hotels decided to estimate the mean cost per room of repairing damages caused by its customers. A random sample of 150 vacated rooms was inspected by the management and this indicated a mean repair cost of rupee 84.30 per room with a standard deviation of rupee 37.20. In constructing a 95% confidence interval for the mean repair cost for all the rooms in the chain, the margin of error will be?

A First Course in Probability (10th Edition)
10th Edition
ISBN:9780134753119
Author:Sheldon Ross
Publisher:Sheldon Ross
Chapter1: Combinatorial Analysis
Section: Chapter Questions
Problem 1.1P: a. How many different 7-place license plates are possible if the first 2 places are for letters and...
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The management of a chain of hotels decided to estimate the mean cost per room of repairing damages caused by its customers. A random sample of 150 vacated rooms was inspected by the management and this indicated a mean repair cost of rupee 84.30 per room with a standard deviation of rupee 37.20. In constructing a 95% confidence interval for the mean repair cost for all the rooms in the chain, the margin of error will be? 

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