THE NEXT QUESTIONS ARE BASED ON THE FOLLOWING INFORMATION

question 73

Multiple Choice

THE NEXT QUESTIONS ARE BASED ON THE FOLLOWING INFORMATION:
A sample of 8 households was asked about their monthly income (x) and the number of hours they spend connected to the internet each month (y) .The data yield the following statistics:
,
,
,
,
-What is the standard deviation of the number of hours households spend connected to the internet each month?

• A)12.817
• B)14.667
• C)15.679
• D)11.990

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Definitions:

Public Goods

Goods that are non-excludable and non-rivalrous, making it difficult to restrict access to their benefits only to those who pay for them.

Collectively Consumed

Products or services that are used or consumed by a group of people simultaneously, such as public goods.

Exclude

To deliberately leave something or someone out of a group, list, or conversation.

Private Sector

The sector of the economy operated by private individuals and businesses aiming for profit, without direct governmental management.