A sample of 50 luxury hotels in the Northeast had an average room rate of $325 per night and a sample standard deviation of $35. Contruct a 99% confidence interval to estimate the mean room rate of luxury hotels in the Northeast. 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

Glencoe Algebra 1, Student Edition, 9780079039897, 0079039898, 2018
18th Edition
ISBN:9780079039897
Author:Carter
Publisher:Carter
Chapter10: Statistics
Section10.3: Measures Of Spread
Problem 3CYU
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A sample of 50 luxury hotels in the Northeast had an average room rate of $325 per night and a sample standard deviation
of $35. Contruct a 99% confidence interval to estimate the mean room rate of luxury hotels in the Northeast. 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
Transcribed Image Text:A sample of 50 luxury hotels in the Northeast had an average room rate of $325 per night and a sample standard deviation of $35. Contruct a 99% confidence interval to estimate the mean room rate of luxury hotels in the Northeast. 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
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