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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Statistics For Business And Economics

ISBN: 9781292436845

10th Global Edition

Authors: Paul Newbold, William Carlson, Betty Thorne

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