Compute the (Sample) Variance and the Standard Deviation for the Data

question 24

Short Answer

Compute the (sample) variance and the standard deviation for the data.
​ $2.1 , - 5.4,4.6,4.1 , - 0.1 , - 0.1$ ​
Please round your answers to two decimal places.
​ $s ^ { 2 } =$ __________
​ $s =$ __________

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Definitions:

EVSI

Expected Value of Sample Information, a concept in decision theory that quantifies the value of gathering additional information before making a decision.

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.