Point estimate of the standard deviation


Many drugs employed to treat cancer are expensive. Business week reported upon the cost per treatment of Herceptin, a drug use to treat breast cancer. Typical treatments costs for Herceptin are provided by simple random sample of 10 patients. 4376 5578 2717 4920 4495 4798 6446 4119 4237 3814

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

b. Make a point estimate of the standard deviation of the cost per treatment with Herceptin.

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Business Management: Point estimate of the standard deviation
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