Step 1 :Given the hotel prices are: 197, 187, 160, 98, 202, 109, 228, 121 dollars for one night.
Step 2 :The range is calculated as the difference between the highest and lowest values. In this case, the range is \(228 - 98 = 130\) dollars.
Step 3 :The variance is calculated as the average of the squared differences from the mean. The variance for these hotel prices is \(2048.94\) dollars.
Step 4 :The standard deviation is the square root of the variance. Therefore, the standard deviation for these hotel prices is \(\sqrt{2048.94} = 45.27\) dollars.
Step 5 :\(\boxed{\text{Final Answer: The range of the hotel prices is \$130, the variance is \$2048.94, and the standard deviation is \$45.27.}}\)
Step 6 :These measures of variation can be useful for someone searching for a room as they provide information about the spread and dispersion of the hotel prices. A high standard deviation, for example, indicates that the prices are spread out over a large range of values.