Determine the Standard Deviation of the Following Population of Survey

question 17

Multiple Choice

Determine the standard deviation of the following population of survey data: 1, 1, 1, 4, 3

• A) 1.41
• B) 1.26
• C) 2.00
• D) 1.60

---

Definitions:

Electricity Use

Electricity Use refers to the consumption of electric power by various devices and systems.

Government Involvement

The extent to which the government participates in the economy, including regulation, ownership, and provision of public goods.

Market Inefficiency

This occurs when resources are not allocated optimally in a market, resulting in lost potential value.

Market Outcome

The result of all the buying and selling activities within a particular market, including price levels and quantities traded.