The Following Data Represent the Ages (In Years) of a Sample

question 89

Essay

The following data represent the ages (in years) of a sample of 25 employees from a government
department: $$\begin{array} { | l | l | l | l | l | l | l | l | l | l | } \hline 31 & 43 & 56 & 23 & 49 & 42 & 33 & 61 & 44 & 28 \\\hline 48 & 38 & 44 & 35 & 40 & 64 & 52 & 42 & 47 & 39 \\\hline 53 & 27 & 36 & 35 & 20 & & & & & \\\hline\end{array}$$ Compute the sample variance and sample standard deviation.

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Definitions:

Cash Budget

A budget of estimated cash receipts and payments.

Balance Sheet

A financial statement that summarizes a company's assets, liabilities, and shareholders' equity at a specific point in time, providing a basis for computing rates of return and evaluating its capital structure.

Income Statement

A financial report detailing a company's earnings and expenditures during a set timeframe, ultimately presenting the net profit or deficit for that period.

Personal Credit Card

A financial tool issued by banks allowing individuals to borrow funds for purchases, subject to repayment with interest.