Develop a point estimate of the mean cost per treatment


Many drugs used to treat cancer are expensive. BusinessWeek reported on the cost per treatment of Herceptin, a drug used to treat breast cancer. Typical treatment costs (in dollars) for Herceptin are provided by a simple random sample of 10 patients.

5798 7446 5119 5376 5495 5237 4814 6578 3717 5920

a) Develop a point estimate of the mean cost per treatment with Herceptin.

b) Develop a point estimate of the standard deviation of the cost per treatment with herceptin.

Request for Solution File

Ask an Expert for Answer!!
Basic Statistics: Develop a point estimate of the mean cost per treatment
Reference No:- TGS0103783

Expected delivery within 24 Hours