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| Teaching Since: | May 2017 |
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| Questions Answered: | 66690 |
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MCS,PHD
Argosy University/ Phoniex University/
Nov-2005 - Oct-2011
Professor
Phoniex University
Oct-2001 - Nov-2016
The Insurance Institute for Highway Safety (www.iihs .org, June 11, 2009) published data on repair costs for cars involved in different types of accidents. In one study, seven different models of mini- and micro-cars were driven at 6 mph straight into a fixed barrier. The following table gives the cost of repairing damage to the bumper for each of the seven models:

a. Compute the values of the variance and standard deviation.
b. The standard deviation is fairly large. What does this tell you about the repair costs?
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