Estimation

The Friends of the Psychics network charges $3 per minute to learn the secrets that can turn your life around. The network charges for whole minutes only and rounds up to benefi t the company. Thus, a 2 minute 10 second call costs $9. Below is a list of 15 randomly selected charges.

39 15 21 42 30 6 9 6 15 21 24 32 9 12
  1. Find the mean of the sample.
  2. Find a point estimate of the variance of the population.
  3. Can this sample be used to estimate the average length of a call? If so, what is your estimate? If not, what can we estimate using this sample?

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