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Chapter 10 Problem 11.xlsx - BA 6933 Statistics and...

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BA 6933 Statistics and Quantitative Methods Chapter 10 Problem 11 a Sample Mean Sample 1 Mean(x1) = = 54/6 = 9 Sample 2 Mean(x2) = = 42/6 = 7 b Standard deviation Standard deviation (s1) = = 26/5 = 2.28 Standard deviation (s2) = = 16/6 = 1.79 c Point Estimate To calculate point estimate, the formula used are: x1 - x2 Therefore, point estimate
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