Find the Standard Deviation for the Given Sample Data $$\begin{array} { l l l l l l l l l l l l } 4 & - 8 & 14 & 10 & - 9 & 12 & - 6 & 1 & 0 & 4 & - 3 & 9\end{array}$$

question 39

Multiple Choice

Find the standard deviation for the given sample data. Round your answer to one more decimal place than is present in the original data.
-Listed below are the amounts of weight change (in pounds) for 12 women during their first year of work after graduating from college. Positive values correspond to women who gained weight and negative values correspond to women who lost weight.

$$\begin{array} { l l l l l l l l l l l l } 4 & - 8 & 14 & 10 & - 9 & 12 & - 6 & 1 & 0 & 4 & - 3 & 9\end{array}$$

• A) 8.0 lb
• B) 7.9 lb
• C) 7.5 lb
• D) 8.2 lb

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Definitions:

Herbert Simon

Herbert Simon was an American economist and cognitive psychologist known for his research on decision-making processes and artificial intelligence, receiving the Nobel Prize in Economic Sciences.

Economic Person

A theoretical concept that assumes individuals act rationally and primarily out of self-interest, seeking to maximize their own utility.

Perfect Prototype

An ideal or optimal model of a process, product, or concept that serves as a standard for replicating or comparing similar entities.

Bounded Rationality

A concept that individuals make decisions based on the limited information they have available and their own mental limitations.