Hotel costs during the summer months can vary substantially depending on the type of room and the amenities offered. ${ }^{3}$ Suppose that we randomly select 50 billing statements from each of the computer databases of the Marriott, Westin, and the Doubletree hotel chains, and record the nightly room rates.
$$\begin{array}{lccc}\hline & \text { Marriott } & \text { Westin } & \text { Doubletree } \\\hline \text { Sample Average (\$) } & 150 & 165 & 125 \\\text { Sample Standard Deviation } & 17.2 & 22.5 & 12.8 \\\hline\end{array}$$
a. Describe the sampled population(s).
b. Find a point estimate for the average room rate for the Marriott hotel chain. Calculate the margin of error. c. Find a point estimate for the average room rate for the Westin hotel chain. Calculate the margin of
error.
d. Find a point estimate for the average room rate for the Doubletree hotel chain. Calculate the margin of
error.
e. Display the results of parts $\mathrm{b}, \mathrm{c},$ and d graphically, using the form shown in Figure 8.5 . Use this display to compare the average room rates for the three hotel chains.