Data Set 2C Suppose That the Lengths of Employment (In Years) of 7

question 4

Multiple Choice

Data Set 2C
Suppose that the lengths of employment (in years) of 7 employees of a small company are as follows:
1, 2, 2, 3, 4, 4, 5
-For Data Set 2C, what is the approximate standard deviation?

• A) √1.8
• B) 1.1
• C) 1.4
• D) 2
• E) √1.7

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Definitions:

Price

The amount of money expected, required, or given in exchange for something.

Peanut Farmers

Individuals or entities engaged in the cultivation and production of peanuts as a crop.

Total Revenue

The total income generated by a firm from selling its goods or services, calculated by multiplying the selling price per unit by the number of units sold.

Bushel

A measure of volume that is used in the United States for agricultural crops, equivalent to approximately 35.24 liters.