Repeat Exercise 8 for the purchase cost for each book. Plot the data, and estimate the total
Question:
- Draw side-by-side boxplots for the replacement costs of books on each shelf.
Does it appear that the means are about the same? The variances?
- Estimate the total replacement cost for the library, and find the standard error of your estimate. What is the estimated coefficient of variation?
- Estimate the average replacement cost per book, along with the standard error.
What is the estimated coefficient of variation?
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It appears that themeans and variances differ quite a bit for different shelves Here is SAS codeand ...View the full answer
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