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:

Federal Reserve Act

Legislation passed in 1913 that established the Federal Reserve System as the central bank of the United States, intended to provide the country with a safe, flexible, and stable monetary and financial system.

Central Bank

The primary monetary authority of a country, responsible for regulating the financial system, issuing currency, and controlling inflation and interest rates.

Lender of Last Resort

An institution, usually a central bank, that offers loans to banks or financial institutions that are struggling financially or are considered highly illiquid.

Financial Panics

Instances of widespread fear and anxiety among investors and the general public leading to rapid withdraws from banks or sell-offs in markets, often triggering economic downturns.