If Σ(X - M)² = 235,and N = 29,what Is

question 51

Multiple Choice

If Σ(X - M) ² = 235,and n = 29,what is s?

• A)8.10
• B)8.39
• C)2.90
• D)43.64

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Definitions:

Producer Surplus

The discrepancy between the price at which sellers are prepared to offer a product and the actual price it sells for.

Total Surplus

The sum of consumer and producer surplus, representing the total net benefit to society from the production and consumption of goods.

Free-Trade Policy

A policy approach that encourages international trade by minimizing tariffs, duties, and other barriers to import and export.

World Price

The international market price of a good or service, determined by global supply and demand, which influences domestic prices and competition.