question archive The Greensboro Convention & Visitors Bureau has determined that across all hotels in the Triad region, the price for a one-night stay follows a normal distribution with mean $143 and standard deviation $38
The Greensboro Convention & Visitors Bureau has determined that across all hotels in the Triad region, the price for a one-night stay follows a normal distribution with mean $143 and standard deviation $38
Subject:EconomicsPrice:2.87 Bought7
The Greensboro Convention & Visitors Bureau has determined that across all hotels in the Triad region, the price for a one-night stay follows a normal distribution with mean $143 and standard deviation $38. A new hotel in the Triad wants to offer a competitive nightly rate: only 10% of the area hotels should charge less for a room. What is the price the new hotel should charge (rounded to whole dollars)?
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