Obtain the Population Standard Deviation,σ, for the Given Data

question 142

Multiple Choice

Obtain the population standard deviation,σ, for the given data. Assume that the data represent population data. Round
your final answer to one more decimal place than that used for the observations.
-The weekly salaries (in dollars) of seven government workers are listed below
688 744 683 550 502 545 810

• A) 115.3
• B) 11,397.2
• C) 919.8
• D) 106.8

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Definitions:

Budget Constraint

A budget constraint represents the combination of goods and services that a consumer can purchase given their income and the prices of those goods and services.

Marginal Utility

The incremental enjoyment or value obtained from consuming an extra unit of a good or service.

Income-Consumption Curve

A graph that shows how a consumer's optimal bundle of goods changes as their income changes, all else being constant.

Marginal Utility

The change in satisfaction or utility gained from consuming an additional unit of a good or service.