Statistics Solutions

(Steps Shown) A survey found that the average hotel room rate in Halifax is $88.42 and the average room rate in Winnipeg is $80.61. Assume that the data were

Question: A survey found that the average hotel room rate in Halifax is $88.42 and the average room rate in Winnipeg is $80.61. Assume that the data were obtained from two samples of 50 hotels each that the standard deviations were $5.62 and $4.83, respectively.

  1. Find a point estimate for the difference in the average room rates in the two cities. What is the margin of error for your estimate?
  2. Based on the results of part a, do you think that there is significant difference in the means for the two cities? Explain.

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