The following table contains the fair market value for five new 2013 and 2014 vehicles.
Kelley’s Blue Book publishes data on new and used cars. The following table contains the fair market value for five new 2013 and 2014 vehicles (data recorded July 2014). We are interested in the difference in price between the 2013 models and the 2014 models. Assume that the population of price differences is normally distributed. To view the complete data set, click the link for your preferred software format below: We are interested in the difference in price between the 2006 models and the 2007 models. Assume that the population of price differences is normally distributed. Fill in the blanks:
The mean of the differences is $. (Give your answer to two decimal places.)
The standard deviation of the differences.
Give your answer to four decimal places.)
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