Question: The following data represent the asking price, in dollars, for a random sample of 2010 coupes and a random sample of 2010 Chevy Camaros. (a)
The following data represent the asking price, in dollars, for a random sample of 2010 coupes and a random sample of 2010 Chevy Camaros.
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(a) Find the mean and standard deviation price for each sample.
(b) Explain why the mean is higher for Camaros yet the standard deviation is less.
Coupes Camaros 25,991 15,900 16,900 | 24,949 24,948 23,061 24,948 23,791 20,990| 22,150 21,855 20,990 16,888 19,950 19,593 18,995 19,900 15,995 15,891 13,991 17,849 16,900 16,440 12,900 11,995 9900 15,987 15,900 15,891
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a We use the computational formula Coupes b Camaros tend to cost more than the typical two... View full answer
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