Assignment:
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.
Provide complete and step by step solution for the question and show calculations and use formulas.