The estimated daily living costs for an executive traveling to various major cities follow. The estimates include
Question:
The estimated daily living costs for an executive traveling to various major cities follow.
The estimates include a single room at a four-star hotel, beverages, breakfast, taxi fares, and incidental costs.
City Daily Living Cost
Bangkok ................242.87
Bogota ..................260.93
Cairo ..................194.19
Dublin.................260.76
Frankfurt ................355.36
Hong Kong .................346.32
Johannesburg ..............165.37
Lima ..................250.08
London .................326.76
Madrid .................283.56
Mexico City ................212.00
Milan ..................284.08
Mumbai ..................139.16
Paris ..................436.72
Rio de Janeiro ..............240.87
Seoul ...................310.41
Tel Aviv .................223.73
Toronto ..................181.25
Warsaw .................238.20
Washington, DC .............250.61
a. Compute the sample mean.
b. Compute the sample standard deviation
c. Compute a 95% confidence interval for the population standard deviation
Step by Step Answer:
Modern Business Statistics With Microsoft Excel
ISBN: 9781337115186
6th Edition
Authors: David R. Anderson, Dennis J. Sweeney, Thomas A. Williams, Jeffrey D. Camm, James J. Cochran