A local bus company wants to estimate if the major travel line from a local city to
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A local bus company wants to estimate if the major travel line from a local city to the capitol is a profitable route. The number of passengers and the number of corresponding trips made during a two-month period are recorded in the following table:
Passengers 0 6 10 10 6 20 20 6 30 30 6 40 40 6 50 50 6 60 Trips 23 21 2 6 5 4
a. Estimate the mean number of passengers.
b. Estimate the sample variance and standard deviation.
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Related Book For
Statistics For Business And Economics
ISBN: 9781292436845
10th Global Edition
Authors: Paul Newbold, William Carlson, Betty Thorne
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