Find the Variance for the Given Data $\$ 293 \quad \$ 212 \quad \$ 440 \quad \$ 197 \quad \$ 446 \quad \$ 145 \quad \$ 342 \quad \$ 212$

question 32

Multiple Choice

Find the variance for the given data. Round your answer to one more decimal place than the original data.
-To get the best deal on a CD player, Tom called eight appliance stores and asked the cost of a specific model. The prices he was quoted are listed below:
$\$ 293 \quad \$ 212 \quad \$ 440 \quad \$ 197 \quad \$ 446 \quad \$ 145 \quad \$ 342 \quad \$ 212$
Compute the standard deviation s.

• A)$114.2
• B)$329.0
• C)$653,796.1
• D)$745,051.0

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Definitions:

Operating Lease

A lease agreement allowing the use of an asset without ownership, typically with shorter terms than a finance lease, and the lessor retains the risk of obsolescence.

Interest Expense

The cost incurred by an entity for borrowed funds, which can include loans, bonds, or lines of credit.

Lease Term

The lease term is the fixed, non-cancellable period of time for which a lease is taken out, including any options to renew that are reasonably certain to be exercised.

Loan Covenants

Clauses in a loan agreement that require the borrower to fulfill certain conditions or restricts certain activities to protect the lender.