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  • Question: Assume the room rate for a three-star hotel in a European city follows a normal distribution with a mean of 185 euros and a standard deviation of 16 euros.a. What is the probability that a randomly selected three-star hotel has a room rate ofless than 205 euros?more than 190 euros?exactly 175 euros?between 160 and 191 euros?b. A particular hotel

    Assume the room rate for a three-star hotel in a European city follows a normal distribution with a mean of 185 euros and a standard deviation of 16 euros.
    a. What is the probability that a randomly selected three-star hotel has a room rate of
    less than 205 euros?
    more than 190 euros?
    exactly 175 euros?
    between 160 and 191 euros?
    b. A particular hotel would like to set its rate so that only 10% of hotels in the city will have lower rates. What room rate should the hotel set?
    a. 1. The probability is
    (Round to four decimal places as needed.)
    a. 2. The probability is
    (Round to four decimal places as needed.)
    a. 3. The probability is
    (Round to four decimal places as needed.)
    a. 4. The probability is
    (Round to four decimal places as needed.)
    b. The hotel should charge euros.
    (Round to two decimal places as needed.)
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