Discuss the below:
Q: Many drugs used to treat cancer are expensive. Business week reported on the cost per treatment of Herceptin, a drug used to treat breast cancer (Business Week, January 30, 2006). Typical treatment costs (in dollars) for Herceptin are provided by a simple random sample of 10 patients.
4376 5578 2717 4920 4495
4798 6446 4119 4237 3814
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.