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The variance and standard deviation were 123 and 35

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Reference no: EM13578458

Car rental rates per day for a sample of seven Eastern U.S. cities are as follows (The Wall Street Journal, January 16, 2004). City Daily Rate Boston $43 Atlanta 35 Miami 34 New York 58 Orlando 30 Pittsburgh 30 Washington, D.C. 36

a. Compute the mean, variance, and standard deviation for the car rental rates.

b. A similar sample of seven Western U.S. cities showed a sample mean car rental rate of $38 per day. The variance and standard deviation were 12.3 and 3.5, respectively. Discuss any difference between the car rental rates in Eastern and Western U.S. cities.

Reference no: EM13578458

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