Cost of Knee Replacement. Surgery U.S. insurers' costs for knee replacement surgery range from $17,627 to $25,462. Estimate the population variance (standard deviation) in cost with 98% confidence based on a random sample of 10 persons who have had this surgery. Estimate the standard deviation using: S = Range 4

A First Course in Probability (10th Edition)
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ISBN:9780134753119
Author:Sheldon Ross
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Chapter1: Combinatorial Analysis
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Cost of Knee Replacement. Surgery U.S.
insurers' costs for knee replacement surgery range
from $17,627 to $25,462. Estimate the population
variance (standard deviation) in cost with 98%
confidence based on a random sample of 10
persons who have had this surgery. Estimate the
standard deviation using:
S
Range
4
1593756 <²< 16538293
1262.4 << 4066.7
Transcribed Image Text:Cost of Knee Replacement. Surgery U.S. insurers' costs for knee replacement surgery range from $17,627 to $25,462. Estimate the population variance (standard deviation) in cost with 98% confidence based on a random sample of 10 persons who have had this surgery. Estimate the standard deviation using: S Range 4 1593756 <²< 16538293 1262.4 << 4066.7
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