Georgeanne Calculated Descriptive Statistics for the Age of Residents in a Nursing

question 159

Multiple Choice

Georgeanne calculated descriptive statistics for the age of residents in a nursing home.She reported the mean age as 75 years,with a standard deviation of 10 years.Later she found that she had made an error in her calculations.One resident's age was entered as 27 when it should have been 72.When this correction is made

• A) the standard deviation for the data set will decrease.
• B) the standard deviation for the data set will not change.
• C) the standard deviation for the data set will increase.
• D) the correlation coefficient for the data set will become negative.

Assess the impact of fluctuating prime rates on loan balances.

Compute simple interest rates and their influence on investment returns.

Analyze the financial implications of making lump sum payments on loan principals.

Evaluate investment strategies involving government treasury bills and commercial paper.

---

Definitions:

Manual Motor Starters

Devices that allow for the manual start and stop control of electric motors, providing overload protection and on/off operation.

Remote Control

A device or system used to operate or manipulate another device from a distance, often wirelessly.

Smaller Horsepower Motors

Motors designed to deliver low power, suited for applications requiring minimal force and energy consumption.

Manual Motor Starters

Devices used to manually turn on or off electric motors, providing protection against overload and short circuits.