Find sample mean startup cost x and standard deviation


Problem

Do you want to own your own candy store? Wow! With some interest in running your own business and a decent credit rating, you can probably get a bank loan on startup costs for franchises such as Candy Express, The Fudge Company, Karmel Corn, and Rocky Mountain Chocolate Factory. Startup costs (in thousands of dollars) for a random sample of candy stores are given below. Assume that the population of x values has an approximately normal distribution.

90 177 128 96 75 94 116 100 85

Use a calculator with mean and sample standard deviation keys to find the sample mean startup cost x and sample standard deviation s.

The response must include a reference list. Using Times New Roman 12 pnt font, double-space, one-inch margins, and APA style of writing and citations.

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Basic Statistics: Find sample mean startup cost x and standard deviation
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