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The Ages of a Sample of 8 Faculty Members Selected  Faculty  Age 142230373450551637742859\begin{array}{ll}\text { Faculty }&\text { Age }\\1 & 42 \\2 & 30 \\3 & 73 \\4 & 50 \\5 & 51 \\6 & 37 \\7 & 42 \\8 & 59\end{array}

question 101

Short Answer

The ages of a sample of 8 faculty members selected from the School of Business Administration are shown below.
 Faculty  Age 142230373450551637742859\begin{array}{ll}\text { Faculty }&\text { Age }\\1 & 42 \\2 & 30 \\3 & 73 \\4 & 50 \\5 & 51 \\6 & 37 \\7 & 42 \\8 & 59\end{array}
a. Compute the average age.
b. Determine the mode.
c. Compute the median age.
d. Compute the standard deviation.

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Definitions:

Number Of Employees

The total count of individuals employed by a business at any given time, either full-time or part-time.

Step-down Method

A cost allocation method used in managerial accounting to distribute overhead costs to various cost objects, considering the support departments provide to each other.

General Management

The executive and organizational activities involved in directing a company or one of its departments, focusing on strategy, policy development, and achieving business objectives.

Physical Plant

Refers to the physical facilities of a business, including buildings and equipment.

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