Most expensive hotel rooms


New York City is the most expensive city in the United States for lodging. The mean hotel room rate is $204 per night (USA Today, April 30, 2012). Assume that room rates are normally distributed with a standard deviation of $55.

1. What is the cost of the 20% most expensive hotel rooms in New York City? Round up to the next dollar.

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Basic Statistics: Most expensive hotel rooms
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