MATLAB: An Introduction with Applications
MATLAB: An Introduction with Applications
6th Edition
ISBN: 9781119256830
Author: Amos Gilat
Publisher: John Wiley & Sons Inc
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A sample of 500 luxury hotels in the Northeast had an average room rate of $325 per night. Construct a 99% confidence interval to estimate the mean room rate of luxury hotels in the Northeast assuming that the population standard deviation is $35. In the answer box below, enter the upper limit of the interval. Round your answer to the nearest cent (two decimal places.)

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Transcribed Image Text:A sample of 500 luxury hotels in the Northeast had an average room rate of $325 per night. Construct a 99% confidence interval to estimate the mean room rate of luxury hotels in the Northeast assuming that the population standard deviation is $35. In the answer box below, enter the upper limit of the interval. Round your answer to the nearest cent (two decimal places.) Type your answer here [Answer box]
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