...$20-$46 per day on residents of? Hertz announced that it would impose a surcharge of $20-$46 per day on residents of of Queens, Brooklyn, and Bronx who rent cars in the NY metropolitan area. Typical daily rental costs without the surcharge are shown in the following sample of 12 rentals: 75 58 40 48 52 60 65 38 50 51 59 40
a) What is the point estimate of the mean and standard deviation of daily car rental cost of NY area
b) Compute the 95% confidence interval for the mean daily car rental cost in the NY area
c) Compute the 95% confidence interval for the standard deviation daily car rental cost in the NY area
a) What is the point estimate of the mean and standard deviation of daily car rental cost of NY area
b) Compute the 95% confidence interval for the mean daily car rental cost in the NY area
c) Compute the 95% confidence interval for the standard deviation daily car rental cost in the NY area