Math Problem Statement
Note: Please make sure to properly format your answers. All dollar figures in the answers need to include the dollar sign and any amount over 1,000 should include the comma ($2,354.67). All percentage values in the answers need to include a percentage sign (%). For all items without specific rounding instructions, round your answers to two decimal places, show both decimal places (5.06).
A recent Internet survey showed per-day lodging expenses at Disney World in Orlando range from less than $100 for a campsite to more than $2,000 for a top luxury room. The cost-per-day average of the top 10 most popular hotels at Disney World is $348. a. If the standard deviation is $80, find the z-score for a per-day expense of $400.
b. If the data are approximately normally distributed with mean $348 and standard deviation $80, what percent of the hotels have per-day expenses greater than $268?
Solution
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Math Problem Analysis
Mathematical Concepts
Statistics
Normal Distribution
Z-Score Calculation
Formulas
Z-Score Formula: z = (X - μ) / σ
Normal Distribution Cumulative Probability
Theorems
Empirical Rule of Normal Distribution
Suitable Grade Level
Grades 10-12
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