Statistics: Informed Decisions Using Data (4th Edition)

Published by Pearson
ISBN 10: 0321757270
ISBN 13: 978-0-32175-727-2

Chapter 3 - Section 3.2 - Assess Your Understanding - Vocabulary and Skill Building - Page 151: 12

Answer

$R=13.92~dollars$ The variance: $s^2=22.58~dollars^2$ The standard deviation: $s=4.75~dollars$

Work Step by Step

The costs in ascending order: 35.34, 38.93, 39.43, 42.09, 43.39, 49.26 $R=largest~data~value-smallest~data~value=49.26-35.34=13.92$ The mean: $x̅=\frac{35.34+38.93+39.43+42.09+43.39+49.26}{6}=41.41$ The variance: $s^2=\frac{Σ(x_i-x̅)^2}{n-1}=\frac{(35.34-41.41)^2+(38.93-41.41)^2+(39.43-41.41)^2+(42.09-41.41)^2+(43.39-41.41)^2+(49.26-41.41)^2}{6-1}=22.58$ The standard deviation: $s=\sqrt {22.58}=4.75$
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