Data Set 2A Suppose That the Ages of 8 Kittens in a Pet

question 15

Multiple Choice

Data Set 2A
Suppose that the ages of 8 kittens in a pet shop are as follows:
1, 2, 2, 3, 3, 4, 4, 5
-For Data Set 2A, what is the standard deviation?

• A) √2
• B) 1
• C) 1.5
• D) 2
• E) √1.5

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Definitions:

Posterior Probabilities

The probabilities of possible outcomes updated on the basis of new evidence or information.

Expected Monetary Value

The predicted value of a financial opportunity when accounting for all possible outcomes and their probabilities.

Optimal Act

The best possible action or decision, typically the one that maximizes the expected outcome or utility.

Bayesian Statistics

A statistical method that applies probability to statistical problems, focusing on the posterior distribution of parameters by incorporating prior knowledge.