Homework Help: business statistics

Posted by taabbie on Friday, April 27, 2012 at 1:39pm.

This select group has been asked to consider the Colorado City Convention and Visitors Bureau survey of 25 hotels in the local area. The survey is concerned with the current availability of rooms. The availability of the rooms was as follows:

90, 72, 75, 60, 75, 72, 84, 72, 88, 74, 105, 115, 68, 74, 80, 64, 414, 82, 48, 58, 60, 80, 48, 58, and 108.

Each person in the marketing group must select a sample of 10 hotels from the list. In a report prepared and submitted by yourself only, describe the methods your imaginary group chose to select the 10 hotels. Discuss the pros and cons of each sampling method. Calculate the average number of available rooms in one sample. Calculate the standard deviation of the number of available rooms in that sample. Construct a frequency distribution of the sample mean, and plot a histogram of this distribution. Use the central limit theorem to calculate and identify the sampling distribution of the sample mean.

No one has answered this question yet.

Answer this Question

Related Questions

Statistics - For this assignment you are to imagine that you are part of a ...
business - For this assignment you are to imagine that you are part of a select ...
Stats - You are to imagine that you are part of a select marketing group. This ...
Stats - You are to imagine that you are part of a select marketing group. This ...
FUND OF BUSINESS LAW - Facts: Frank owns a well-known restaurant in downtown ...
math - 1.Thompson Security has been hired to determine the number of visitors at...
statistics - Commuters were asked how many times a week they stop for coffee on ...
statistics - 7. In a certain survey, 30% of those questioned are given an ...
statistics - according to a survey of men interviewed 20% had asked for a raise ...
Business Statistics - A company employs 10 people and plans to select a group of...

For Further Reading

First Name:
School Subject:
Answer: