Compute the Standard Deviation of a Variable from Raw Data

question 85

Multiple Choice

Compute the Standard Deviation of a Variable from Raw Data
-8, 19, 20, 13, 14, 18, 19, 5, 10, 23

• A) 5.9
• B) 5.5
• C) 1.7
• D) 5.4

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Definitions:

Absolute Advantage

The ability of a country, individual, company, or region to produce a good or service at a lower cost per unit than the cost at which any other entity produces that good or service.

Productive Advantage

Occurs when a country, business, or individual produces a good or service at a lower opportunity cost than competitors, leading to more efficient production.

Comparative Advantage

The capacity of a person, business, or nation to create a product or offer a service with a lesser opportunity cost compared to its rivals.

Production

The process of creating goods and services through the combination of labor, materials, and technology.