What Is the Variance (S²) for This Set of Data

question 59

Multiple Choice

What is the variance (s²) for this set of data? 7, 11, 15

• A) 11.00
• B) 4.00
• C) 16.00
• D) 10.67

Evaluate savings plans considering personal financial goals and market conditions.

Understand the concepts and distinctions between estate tax, excise tax, and other forms of taxation.

Identify the principal purpose of taxes and how they finance government activities.

Recognize the importance of being cautious with tax preparers who offer refund anticipation loans.

---

Definitions:

Rate of Return

A measure of the gain or loss generated on an investment relative to the amount of money invested.

Cost Savings

Reductions in expenses achieved through methods such as process improvements, layoffs, or procurement strategies, enhancing a company's profitability.

Present Value

Present Value is the current worth of a future sum of money or stream of cash flows given a specified rate of return.

Cash Inflows

Money or other forms of financial assets that come into a company, usually from operations, investments, or financing activities.