Mathematics, 15.05.2021 03:20 xaguilar
The increasing annual cost (including tuition, room, board, books and fees) to attend college ) to attend college has been widely discussed in many publications including Money magazine. The following random samples show the annual cost of attending private and public colleges. Data are in thousands of dollars.
Private Colleges
53.8 42.2 44.0 34.3 44.0
31.6 45.8 38.8 50.5 42.0
Public Colleges
20.3 22.0 28.2 15.6 24.1 28.5
22.8 25.8 18.5 25.6 14.4 21.8
Required:
a. Compute the sample mean (in thousand dollars) and sample standard deviation (in thousand dollars) for private colleges.
b. What is the point estimate (in thousand dollars) of the difference between the two population means?
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