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Find the Standard Deviation for the Given Data 0.450.5580.6440.1450.6270.2680.294\begin{array} { l l l l l l l } 0.45 & 0.558 & 0.644 & 0.145 & 0.627 & 0.268 & 0.294 \end{array}

question 195

Multiple Choice

Find the standard deviation for the given data. Round your answer to one more decimal place than the original data.
-The manager of an electrical supply store measured the diameters of the rolls of wire in the inventory. The diameters of the rolls (in m) are listed below. Compute the standard deviation. 0.450.5580.6440.1450.6270.2680.294\begin{array} { l l l l l l l } 0.45 & 0.558 & 0.644 & 0.145 & 0.627 & 0.268 & 0.294 \end{array}


Definitions:

Opportunity Cost

The cost of forgoing the next best alternative when making a decision.

Labor Supply Curve

A graphical representation showing the relationship between the quantity of labor that workers are willing to provide and the wage rate.

Pay Raise

An increase in the amount of money earned by an employee.

Wages Paid

The total compensation provided to employees in exchange for their labor, often based on hourly or monthly rates.

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