Find the Variance for the Given Sample Data $$\begin{array} { l l l l l } 7 & 7 & 2 & 5 & 1\end{array}$$

question 58

Multiple Choice

Find the variance for the given sample data. Round your answer to one more decimal place than the original data. $$\begin{array} { l l l l l } 7 & 7 & 2 & 5 & 1\end{array}$$

• A) 7.7
• B) 11.8
• C) 7.8
• D) 6.2

Distinguish between buyers and sellers in terms of surplus and market behavior.

Understand how various factors affect demand and supply in the market.

Analyze the impact of changes in demand and supply on market equilibrium.

Identify the concepts of consumer and producer surplus.

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