The milk prices (in quarts) from a sample of 9 convenience stores in Chattanooga, Tennessee are shown below.
Store#
Price Per Quart (x)
1
$1.14
2
$1.19
3
$1.25
4
$1.21
5
$1.17
6
$1.19
7
$1.22
8
$1.24
9
$1.19
?
a.What is the point estimate for the prices of all convenience stores in Chattanooga?b.What is the point estimate for the standard deviation of the population?
What will be an ideal response?
| a. | $1.20 |
| b. | 0.03428 |
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