Question

An institute 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.

Model	Repair Cost
Smart Fortwo	$1,480
Chevrolet Aveo	$1,079
Mini Cooper	$2,295
Toyota Yaris	$1,683
Honda Fit	$1,122
Hyundai Accent	$3,475
Kia Rio	$3,708

(a)

Compute the values of the variance and standard deviation. (Round your variance to the nearest whole number and round you standard deviation to the nearest cent.)

variance:-----$

standard deviation:-------$

Answer 1

The statistic software output for this problem is:

Variance : $1178108

Standard deviation : $1085.41