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Mathematics, 17.03.2020 00:49 bhenley

New York City is the most expensive city in the United States for lodging. The mean hotel room rate is $204 per night. Assume that room rates are normally distributed with a standard deviation of $55. What is the minimum cost that captures the 20% most expensive hotel rooms in New York City?

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New York City is the most expensive city in the United States for lodging. The mean hotel room rate...
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