Use the Following to Answer Questions

question 17

Short Answer

Use the following to answer questions :
The following data represent the ages of 15 people buying lift tickets at a ski area.
15 25 26 17 38 16 74 41 30 24 28 40 20 34 31
-What is the standard deviation of these data,rounded to two decimal places?

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Definitions:

Variable Cost

Costs that vary directly with the level of production or service activity, such as raw materials and direct labor.

Machine-hour

A unit of measure representing the operation of a machine for one hour, often used in cost accounting to allocate expenses.

Cost Formula Equation

An equation used to predict the total cost of production, combining both fixed and variable costs.

High-low Method

A technique used in cost accounting to estimate fixed and variable costs based on the highest and lowest levels of activity.