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QUESTION

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 

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