TABLE 3-12
the Population of Eight Analysts at a Software $$50,62.5,37.5,75.0,45.0,47.5,15.0,25.0$$

question 15

Short Answer

TABLE 3-12
The population of eight analysts at a software firm were asked to estimate the reuse rate when developing a new software system. The following data are given as a percentage of the total code written for a software system that is part of the reuse database.
$$50,62.5,37.5,75.0,45.0,47.5,15.0,25.0$$
-Referring to Table 3-12, what are the variance and standard deviation of the total code that is part of the reuse database?

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Definitions:

Economic Model

A simplified representation of economic processes, used to analyze and predict economic behaviors and outcomes.

Economists

Professionals specializing in the study of economies, analyzing the production, distribution, and consumption of goods and services.

Simulate

To imitate the operation of a real-world process or system over time for purposes of experiment or training.

Absolute Advantage

Absolute advantage refers to the ability of a country, firm, or individual to produce a good or service more efficiently than its competitors using the same amount of resources.