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

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 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 this

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 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 this

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