The Highway Loss Data Institute reported the following repair costs resulting from crash tests conducted in October

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The Highway Loss Data Institute reported the following repair costs resulting from crash tests conducted in October 2002. The given data are for a 5-mph crash into a flat surface for both a sample of 10 moderately priced midsize cars and a sample of 14 inexpensive midsize cars.

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a. Compute the standard deviation and the interquartile range for the repair cost of the moderately priced midsize cars.

b. Compute the standard deviation and the interquartile range for the repair cost of the inexpensive midsize cars.

c. Is there more variability in the repair cost for the moderately priced cars or for the inexpensive midsize cars? Justify your choice.

d. Compute the mean repair cost for each of the two types of cars.

e. Write a few sentences comparing repair cost for moderately priced and inexpensive midsize cars. Be sure to include information about both center and variability.

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Related Book For  answer-question

Introduction To Statistics And Data Analysis

ISBN: 9780495118732

3rd Edition

Authors: Roxy Peck, Chris Olsen, Jay L. Devore

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