Information on the one-night cost of hotel


Smith Travel Research provides information on the one-night cost of hotel rooms throughout the United States (USA Today, July 8, 2002). Use $2 as the desired margin of error and $22.50 as the planning value for the population standard deviation to find the sample size recommended in (a), (b), and (c).

a. A 90% confidence interval estimate of the population mean cost of hotel rooms.

b. A 95% confidence interval estimate of the population mean cost of hotel rooms

c. A 99% confidence interval estimate of the population mean cost of hotel rooms.

Request for Solution File

Ask an Expert for Answer!!
Basic Statistics: Information on the one-night cost of hotel
Reference No:- TGS0730375

Expected delivery within 24 Hours