The managers of a local luxury hotel would like to set the hotel's average daily rate at the 75 th75th percentile, which is the rate below which 7575% of hotels' rates are set. what rate should they

The managers of a local luxury hotel would like to set the hotel's average daily rate at the 75 th75th percentile, which is the rate below which 7575% of hotels' rates are set. what rate should they choose for their hotel?

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