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
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Author:Amos Gilat
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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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