Many drugs used to treat cancer are expensive. Businessweek reported on the cost per treatment of Herceptin, a drug used to treat breast cancer (Business Week, January 30, 2006). Typical treatment costs (in dollars) for Herceptin are provided by a simple random sampleof 10 patients.
4376 5578 2717 4920 4495
4798 6446 4119 4237 3814
a. Develop a point estimate of the meancost per treatment with Herceptin.
b.Develop a point estimate of the standard deviationof the cost per treatment with Herceptin.