clonetrooper099
25.07.2019 •
Mathematics
The managers of a local luxury hotel would like to set the hotel's average daily rate at the 70 th percentile, which is the rate below which 70% of hotels' rates are set. what rate should they choose for their hotel? use technology to find the value in the standard normal probability distribution that has an area of 0.70 to its left. determine the corresponding z-score, rounding to two decimal places.
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Ответ:
20(1-0.25)
20(0.75)
=15
so the sale price is $15
hope this helps !