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s344n2d4d5
1 month ago
5

Why luxury hotels might have higher variability than the budget hotels. Think about the Hotel Industry and why you might see gre

ater price variability for upscale goods compared to budget items.

Business
1 answer:
Mariulka [3.8K]1 month ago
3 0
The means and standard deviations for luxury hotels are 145 and 27.6, respectively, while for budget hotels, they are 46.1 and 5.13. This indicates that luxury hotels experience more variability than budget accommodations.
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