A) 21184
B) 0

question 34

Multiple Choice

$$\begin{array}{l}\text { Use the given set of points to compute the standard error of } b _ { 1 } , s _ { \mathrm { b } } \text {. }\\\begin{array} { c | c c c c c c c c } x & 5 & 15 & 12 & 6 & 8 & 10 & 5 & 14 \\\hline y & 15 & 37 & 28 & 18 & 22 & 26 & 13 & 33\end{array}\end{array}$$

• A) 2.1184
• B) 0.1216
• C) 1.2865
• D) 111.8750

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Definitions:

Standard Deviation

Standard deviation is a statistical measure of the amount of variability or dispersion around the mean of a set of data points.

Normally Distributed

Describes a dataset that follows a normal distribution curve, characterized by its bell shape and defined by its mean and standard deviation.

Standard Deviation

An index measuring the breadth of diversity or spread among data points.

Average Wage

The mean salary or earnings of a group of workers, calculated by dividing the total wages of the group by the number of workers.