Solve the Problem. -For Any Data Set of N Values with Standard Deviation

question 144

Multiple Choice

Solve the problem.
-For any data set of n values with standard deviation s, every value must be within s n - 1 of the mean. In a class of 20 students, the heights of the students have a mean of 67.4 inches and a standard deviation of 3.0
Inches. The tallest student in class, a hopeful member of the basketball team, claims to be
79) 8 inches tall. Could he be telling the truth?

• A) No
• B) Yes

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Definitions:

Inflation

The rate at which the general level of prices for goods and services is rising, subsequently eroding purchasing power.

Unemployment

The condition in which people actively seeking work are unable to find employment.

Long Run

The long run is a period in economics in which all factors of production and costs are variable, allowing for full adjustment to change.

Unemployment

Unemployment refers to the situation when individuals who are able and willing to work are not able to find employment.