Calculation of Average Stay of Tourists in Queensland Hotels
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Question
According to ABS, the average length of stay by tourists in Queensland’s hotels, motels and serviced apartments in 2004 was 2.2 days. Suppose the standard deviation of the length of stay for all tourists is 1.2 days, and a random sample of 65 tourists is taken. What will be the average length of stay of the top 5% of tourists who stay the longest?
Summary
The question belongs to Statistics and it is about the calculation of the average length of stay of tourists in Queensland’s hotels, motels and serviced apartments in 2004. The calculations are present in the solution.
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