SCENARIO 8-7
A hotel chain wants to estimate the mean number of rooms rented daily in a given month.
The population of rooms rented daily is assumed to be normally distributed for each month
with a standard deviation of 240 rooms.During February, a sample of 25 days has a sample
mean of 370 rooms.
-True or False: Referring to Scenario 8-7, the parameter of interest is the mean number of
rooms rented daily in a given month.

Question

Quizplus · Accepted Answer

The parameter of interest is the population mean, which in this case is the mean number of rooms rented daily in a given month.

SCENARIO 8-7 a Hotel Chain Wants to Estimate the Mean Number of Number