THE NEXT QUESTIONS ARE BASED ON THE FOLLOWING INFORMATION

question 88

Essay

THE NEXT QUESTIONS ARE BASED ON THE FOLLOWING INFORMATION:
In a recent survey,12 students at a local university were asked approximately how many hours per week they spend on the Internet.Their responses were: 13,0,5,8,22,7,3,0,15,12,13,and 17.
-What are the mean and standard deviation for this data?

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Definitions:

Caffeine

A stimulant found in coffee, tea, and other products, known for its ability to increase alertness and reduce feelings of tiredness.

Demand for Coffee

The total amount of coffee that consumers are willing and able to purchase at various prices during a certain time period, influenced by factors like price, income, and consumer preferences.

Price of Coffee

The cost at which coffee is sold, influenced by factors like production costs, supply and demand, and market competition.

Demand Curve

A chart illustrating the link between a product's price and the amount of the product consumers are ready to buy at that price.