The Data Show the Total Number of Medals (Gold, Silver $$\begin{array} { c c c c c c c c c } 1 & 2 & 3 & 3 & 4 & 9 & 9 & 11 & 11 \\11 & 14 & 14 & 19 & 22 & 23 & 24 & 25 & 29\end{array}$$

question 123

Essay

The data show the total number of medals (gold, silver, and bronze)won by each country
winning at least one gold medal in the Winter Olympics. Find the range, sample variance,
and sample standard deviation of the numbers of medals won by these countries. $$\begin{array} { c c c c c c c c c } 1 & 2 & 3 & 3 & 4 & 9 & 9 & 11 & 11 \\11 & 14 & 14 & 19 & 22 & 23 & 24 & 25 & 29\end{array}$$

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Definitions:

Command Economies

Command economies are economic systems where the government or a central authority makes all decisions regarding the production and distribution of goods and services.

Government Officials

Individuals who hold positions of authority in government institutions and are responsible for making and implementing public policies and laws.

Market System

An economic system in which economic decisions and the pricing of goods and services are guided solely by the aggregate interactions of a country's citizens and businesses.

Business Risk

The exposure a company or investor has to factor(s) that will lower its profits or lead it to fail.