Without Calculating the Standard Deviation, Compare the Standard Deviation for the Following

question 26

Essay

Without calculating the standard deviation, compare the standard deviation for the following data sets. (Note: All data sets have a mean of 30.)Which do you expect to have the largest standard deviation and which do you expect to have the smallest standard deviation? Explain your answers in terms of the formula
$s = \sqrt { \frac { \sum ( x - \bar { x } ) ^ { 2 } } { n - 1 } }$
Data set
1: 30, 30, 30, 30, 30, 30, 30, 30, 30, 30 Data set 2: 20, 25, 25, 30, 30, 30, 30, 35, 35, 40 Date set $3 : 20,20,20,25,25,35,35,40,40,40$

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Definitions:

Adjusting Entry

An accounting journal entry made at the end of an accounting period to record any unrecognized income or expenses for the period.

Unexpired Amounts

Refers to the portion of an expense that has not yet been consumed or used up during the accounting period, often related to prepaid expenses or insurance premiums.

Insurance Expense

The cost incurred by a company to obtain insurance coverage for its operations, assets, or liabilities.

Prepaid Insurance

Prepaid insurance is an asset account representing insurance premiums that have been paid in advance and have not yet expired at the time of a balance sheet report.