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5)The Greensboro Convention Visitors Bureau has determined that across all hotels in the Triad region, the price for a one-night stay follows a
5)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)?
A)$192
B)$94
C)$187
D)$75
4)
A)0.403
B)0.271
C)0.674
D)0.729
3)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. What is the probability that a randomly chosen hotel charges more than $200 per night?
A)0.853
B)0.147
C)0.933
D)0.067
2)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. What is the probability that a randomly chosen hotel charges $143 per night?
C)1
B)0
C)0.5
D)There is not enough information to determine thisĀ