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Many drugs used to treat cancer are expensive. BusinessWeek reported on the cost per treatment of...

Many drugs used to treat cancer are expensive. BusinessWeek reported on the cost per treatment of Herceptin, a drug used to treat breast cancer (BusinessWeek, January 30, 2006). Typical treatment costs (in dollars) for Herceptin are provided by a simple random sample of 10 patients. 4,378 5,584 2,699 4,938 4,510 4,806 6,446 4,119 4,236 3,798

a) Develop a point estimate of the mean cost per treatment with Herceptin.

b) Develop a point estimate of the population standard deviation of the cost per treatment with Herceptin (to 1 decimal).

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