TABLE 8-7 a Hotel Chain Wants to Estimate the Mean Number of Number

question 158

Short Answer

TABLE 8-7
A hotel chain wants to estimate the mean number of rooms rented daily in a given month. The population of rooms rented daily is assumed to be normally distributed for each month with a standard deviation of 24 rooms. During February, a sample of 25 days has a sample mean of 37 rooms.
-Referring to Table 8-7, the sampling error of a 99% confidence interval for the mean number of rooms rented daily in a given month is ________.

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Definitions:

Division

A mathematical operation where a number (the dividend) is divided by another number (the divisor) to produce a quotient.

Dictatorship

A form of government in which power is concentrated in the hands of a single leader or a small group, often without democratic consent.

Composition

The act of forming something by combining parts or elements, or the arrangement and structure of parts in a work of art or piece of writing.

Division

The process of separating or segmenting a whole into smaller parts or sections.