15. Many drugs used to treat cancer are expensive. BusinessWeek reported on the cost per treatment of

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15. Many drugs used to treat cancer are expensive. BusinessWeek reported on the cost per treatment of Herceptin, a drug used to treat breast cancer (BusinessWeek, January 30, 2006).

Typical treatment costs (in dollars) for Herceptin are provided by a simple random sample of 10 patients.

4376 5578 2717 4920 4495 4798 6446 4119 4237 3814

a. Develop a point estimate of the mean cost per treatment with Herceptin.

b. Develop a point estimate of the standard deviation of the cost per treatment with Herceptin.

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