Find the Variance for the Given Data $\begin{array} { l l l l l } 1.4 & 0.99 & 1.37 & 0.58 & 0.68 \end{array}$

question 94

Multiple Choice

Find the variance for the given data. Round your answer to one more decimal place than the original data.
-The weights (in ounces) of 10 cookies are shown. $\begin{array} { l l l l l } 1.4 & 0.99 & 1.37 & 0.58 & 0.68 \end{array}$
$\begin{array} { l l l l l } 0.57 & 1.1 & 0.96 & 1.2 & 1.27 \end{array}$

• A) \(0.08 \mathrm { oz } ^ { 2 }\)
• B) \(0.088 \mathrm { oz } ^ { 2 }\)
• C) \(0.098 \mathrm { oz } ^ { 2 }\)
• D) \(0.074 \mathrm { oz } ^ { 2 }\)

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Definitions:

Profitable Output

The level of production at which a business or economic activity generates revenue that exceeds its operational costs.

Short Run

A period in economics where at least one input is fixed, limiting the ability to adjust production levels rapidly.

Price

The amount of money required to purchase a good or service, determined by factors such as supply and demand.

Shutdown Point

The level of output and price at which a firm's total revenue is equal to its total variable costs, below which the firm would lose more money by continuing to operate than by shutting down.