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Calculate the variance and standard deviation

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Reference no: EM131914158

1. Here are the prices of the car rental for a day in 8 cities of the US.

City

Rent of a car for a day ($)

Atlanta 47

Chicago 50

Dallas 53

New Orleans 45

Phoenix 40

Pittsburgh 43

San Francisco 39

Seattle 37

a. Calculate the variance and standard deviation for this data.

b. Determine a confidence interval of 95% to estimate the population variance of the rent a car prices for a day.

c. Determine a confidence interval of 95% to estimate the population standard deviation of the rent a car prices for a day.

Reference no: EM131914158

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