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2. The following data for a random sample of banks in Los Angeles and New York City represent the ATM fees for using another bank's ATM. Los Angeles 2.00 1.50 1.50 1.00 1.50 2.00 0.00 2.00 New York City 1.50 1.00 1.00 1.25 1.25 1.50 1.00 0.00 Source: www.bankrate.com Compute the range and sample standard deviation for ATM fees for each city. Which city has more dispersion based on the range? Which city has more dispersion based on the standard deviation?

2. The following data for a random sample of banks in Los Angeles and New York City represent the ATM fees for using another bank's ATM. Los Angeles 2.00 1.50 1.50 1.00 1.50 2.00 0.00 2.00 New York City 1.50 1.00 1.00 1.25 1.25 1.50 1.00 0.00 Source: www.bankrate.com Compute the range and sample standard deviation for ATM fees for each city. Which city has more dispersion based on the range? Which city has more dispersion based on the standard deviation?

MATLAB: An Introduction with Applications
MATLAB: An Introduction with Applications
6th Edition
ISBN:9781119256830
Author:Amos Gilat
Publisher:Amos Gilat
Chapter1: Starting With Matlab
Section: Chapter Questions
Problem 1P
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2. The following data for a random sample of banks in Los Angeles and New York City represent the ATM fees for using another bank's ATM. Los Angeles 2.00 1.50 1.50 1.00 1.50 2.00 0.00 2.00 New York City 1.50 1.00 1.00 1.25 1.25 1.50 1.00 0.00 Source: www.bankrate.com Compute the range and sample standard deviation for ATM fees for each city. Which city has more dispersion based on the range? Which city has more dispersion based on the standard deviation?
Transcribed Image Text:2. The following data for a random sample of banks in Los Angeles and New York City represent the ATM fees for using another bank's ATM. Los Angeles 2.00 1.50 1.50 1.00 1.50 2.00 0.00 2.00 New York City 1.50 1.00 1.00 1.25 1.25 1.50 1.00 0.00 Source: www.bankrate.com Compute the range and sample standard deviation for ATM fees for each city. Which city has more dispersion based on the range? Which city has more dispersion based on the standard deviation?
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