If a Set of Data Has 49 Values with a Variance

question 42

Multiple Choice

If a set of data has 49 values with a variance of 4.4, then the standard deviation is .

• A) 0.1
• B) 0.3
• C) 2.1
• D) 0.6

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Definitions:

Political Business Cycle Theory

A theory suggesting that elected officials may manipulate economic policies to produce favorable economic conditions ahead of elections to increase their chances of reelection.

Discount Rate

The interest rate on the loans that the Fed makes to banks.

Re-Elected

The act of being elected again for the same position or office after completing a term.

Short-Run Phillips Curve

An economic model suggesting an inverse relationship between the rate of inflation and the unemployment rate in the short term.