Compute the Standard Deviation of a Variable from Raw Data $\begin{array} { l l l l l l l l l l } 1.1 & 5.2 & 3.6 & 5.0 & 4.8 & 1.8 & 2.2 & 5.2 & 1.5 & 0.8 \end{array}$

question 43

Short Answer

Compute the Standard Deviation of a Variable from Raw Data
-In a random sample, 10 employees at a local plant were asked to compute the distance they travel to work to the nearest tenth of a mile. The data is listed below. Compute the range, sample standard deviation and sample variance of the data.
$\begin{array} { l l l l l l l l l l } 1.1 & 5.2 & 3.6 & 5.0 & 4.8 & 1.8 & 2.2 & 5.2 & 1.5 & 0.8 \end{array}$

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Definitions:

Salvage Value

This is the estimated residual value of an asset at the end of its useful life.

Net Operating Cash Flows

Refers to the cash generated from a company's core business operations, excluding cash flows related to financing and investing activities.

Payback Period

The duration needed to recover the cost of an investment, typically measured in years or months.

Incremental Cost Approach

The incremental cost approach involves analyzing the additional costs incurred when increasing the production or scope of a project to determine if the benefits outweigh the costs.