Question
The following data for a random sample of banks in two cities represent the ATM fees for using another bank's ATM. Compute the range and
The following data for a random sample of banks in two cities represent the ATM fees for using another bank's ATM. Compute the range and sample standard deviation for ATM fees for each city. what is the standard deviation for city A? what is the standard deviation for city B? Which city has the most dispersion based on range? Which city has more dispersion based on the standard deviation?
City A City B
1.25 2.00
1.00 1.50
1.50 1.50
1.50 0.00
1.25 2.00
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Business Statistics
Authors: Robert A. Donnelly
2nd Edition
0321925122, 978-0321925121
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