The increasing annual cost (including tuition, room, board, books, and fees) to attend college has been widely discussed (Time. com). The following random samples show the annual cost of attending private and public colleges. Data are in thousands of dollars. Private Colleges
53.8 42.2 44.0 34.3 44.0
31.6 45.8 38.8 50.5 42.0

Public Colleges
20.3 22.0 28.2 15.6 24.1 28.5
22.8 25.8 18.5 25.6 14.4 21.8

Requried:
a. Compute the sample mean (in thousand dollars) and sample standard deviation (in thousand dollars) for private colleges. (Round the standard deviation to two decimal places.)
b. What is the point estimate (in thousand dollars) of the difference between the two population means?