There has been much media coverage of the high cost of medicinal drugs in the United States.
Question:
There has been much media coverage of the high cost of medicinal drugs in the United States. One concern is the large variation from pharmacy to pharmacy. To investigate, a consumer advocacy group took a random sample of 100 pharmacies around the country and recorded the price (in dollars per 100 pills) of Prozac. Compute the range, variance, and standard deviation of the prices. Discuss what these statistics tell you.
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 77% (9 reviews)
Range 2585 2946 and s 543 there is co...View the full answer
Answered By
Pharashram rai
i am highly creative, resourceful and dedicated freelancer an excellent record of successful classroom presentations and writing . I have more than 4 years experience in tutoring students especially by using my note making strategies and engineering field . Especially adept at teaching methods of maths and writing , and flexible teaching style with the willingness to work beyond the call of duty. Committed to ongoing professional development and spreading the knowledge within myself to the blooming ones to make them fly with .
4.80+
65+ Reviews
270+ Question Solved
Related Book For
Statistics For Management And Economics Abbreviated
ISBN: 9781285869643
10th Edition
Authors: Gerald Keller
Question Posted:
Students also viewed these Statistics questions
-
There has been much interest in whether the presence of 401(k) pension plans, available to many U.S. workers, increases net savings. The data set 401KSUBS.RAW contains information on net financial...
-
There has been much opposition to the Free Trade Area of the Americas (FTAA). For a sampling of arguments against this proposed pact, visit www.globalexchange.org, www.citizenstrade.org , and...
-
A consumer advocacy group suspects that a local supermarkets 10-ounce packages of cheddar cheese actually weigh less than 10 ounces. The group took a random sample of 20 such packages and found that...
-
Although epoxides are always considered to have their oxygen atom as part of a threemembered ring, the prefix epoxy in the IUPAC system of nomenclature can be used to denote a cyclic ether of various...
-
Since Orascom Group had been serving fast-growing markets for cement and related construction materials, why did it choose to sell this division in 2007?
-
Before taking the plunge into video-conferencing, a company ran tests of its current internal computer network. The goal of the tests was to measure how rapidly data moved through the network given...
-
The data below represent the fraction of active chlorine in a chemical product as a function of time after manufacturing. a. Construct a scatterplot of the data. b. Fit the Mitcherlich law (see...
-
Below are listed various costs that are found in organizations. 1. Hamburger buns in a Wendys outlet. 2. Advertising by a dental office. 3. Apples processed and canned by Del Monte. 4. Shipping...
-
Luccasen Inc., has a market beta of 1.25. The risk-free interest rate is 3%, and the market risk premium is 8%. Given this information, what is the expected return for Luccasen Inc.?
-
You are a consultant hired by Future-Proof Investments Limited (FPI Ltd). FPI Ltd is an Australian investment brokerage that specialises in ethical/sustainable investments. In 2022 FPI Ltd. is...
-
A statistics practitioner determined that the mean and standard deviation of a data set were 120 and 30, respectively. What can you say about the proportions of observations that lie between each of...
-
Many traffic experts argue that the most important factor in accidents is not the average speed of cars but the amount of variation. Suppose that the speeds of a sample of 200 cars were taken over a...
-
Show that the moment of inertia for an axis perpendicular to the conjunction of a system of two bodies \(m_{1}, m_{2}\) spaced \(r\) apart and passing through C.M. is \(J=\mu r^{2}\), where \(\mu\)...
-
Two students are discussing environmentalists claims that trade harms the environment. One student says, Sure, trade may cause some pollution, but its a small price to pay for a higher standard of...
-
Imagine that a majority of people in your country believe international trade harms their wages and jobs, and that your task is to change their minds. How would you go about educating people about...
-
Financial Reporting Problem Marks and Spencer plc (M&S) The financial statements of M&S (GBR) are presented in Appendix A. The companys complete annual report, including the notes to the financial...
-
Historically, some countries in the Asia-Pacific region, such as Vietnam, North Korea, and Myanmar have been targeted with embargoes and sanctions by the US, the EU, and even the UN. Individuals and...
-
The major classifications of activities reported in the statement of cash flows are operating, investing, and financing. Classify each of the transactions listed below as: 1. Operating activityadd to...
-
This problem involves computing the liquidvapor Pxy diagram from the two parameter Margulies model. In this model, the activity coefficients are given by and The parameters and are already in...
-
The population of Detroit, Michigan, decreased from 1,027,974 in 1990 to 688,701 in 2013 (Source: U.S. Census Bureau). Find the average rate of change in the population of Detroit, Michigan, over the...
-
Imagine that you are appointed as a leader of a project and you are preparing for the first meeting, identify important actions you could take to have a positive influence on the team members.
-
In the 2010 census, the proportion of divorced White Americans was 10.4%. Has that percentage in 2014 increased? Conduct a statistical test to answer the question (RACE: 1 = White; MARITAL: 3 =...
-
An increasing number of women are attending university. Women now outnumber men in most college programs. In the 2010 census, the proportion of women with graduate degrees was 10.2% (The census used...
-
According to the 2010 census, among people who were never married the percentage who did not finish high school was 14.0%. Has the proportion in 2014 increased? Perform a statistical test to answer...
-
Use matrices (row-echelon form) to solve the following system of linear equa- tions. If the system has no solution, say that it is inconsistent. 3x + 2y = 7 x+y=3
-
For the following function : f(x) = 1/3 x^3 + 4x^2 + 16x a. Determine the critical points. b. Calculate the second derivative c. Determine if the function is concave up or down or not concave d....
-
2. An activity director for a cruise ship has surveyed 240 passengers. Of the 240 passengers; 135 like swimming, 150 like dancing, 65 like games, 80 like swimming and dancing, 40 like swimming and...
Study smarter with the SolutionInn App