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The frequency distribution was obtained using a class width of 0.5 for data on cigarette tax rates. Use the frequency distribution to approximate the population

The frequency distribution was obtained using a class width of 0.5 for data on cigarette tax rates. Use the frequency distribution to approximate the population mean and population standard deviation. Compare these results to the actual mean =$1.66 and standard deviation =$1.076.

Tax rate Frequency
0.00-0.49 5
0.50-0.99 15
1.00-1.49 7
1.50-1.99 6
2.00-2.49 6
2.50-2.99 5
3.00-3.49 4
3.50-3.99 1
4.00-4.49 3

The population mean is $

The population standard deviation is $

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