Answer:
a) The mean cost of the 25 trips is:
$12.35.
b) The standard deviation of the cost of the 25 trips is:
$52.50
Step-by-step explanation:
a) Data and Calculations:
Initial fee (fixed) = $2.55
Variable (additional) charge = $1.75 per mile
Equation = 2.55 + 1.75(miles)
Trips = 25
Mean distance for first 25 rides = 5.6 miles
Standard deviation = 1.2 miles
Mean cost of the 25 trips = 2.55 + 1.75 (5.6) = $12.35
Total cost = $308.75 (25 * 12.35) based on mean cost
Standard deviation of the cost of the 25 trips:
Total standard deviation for the 25 trips = 30 miles (1.2 * 25)
= $52.50 (1.2 * 25 * $1.75)