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Table 4.28 -Refer to Table 4.28.The Table Above Represents Hypothetical Data from Hypothetical

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Table 4.28 Table 4.28   -Refer to Table 4.28.The table above represents hypothetical data from the National Income Accounts for 2018.Use the data to calculate personal income and disposable income.
-Refer to Table 4.28.The table above represents hypothetical data from the National Income Accounts for 2018.Use the data to calculate personal income and disposable income.


Definitions:

Standard Deviation

A measure of the amount of variation or dispersion of a set of values, indicating how spread out the data points are.

Range

The difference between the highest and lowest values in a dataset, indicating the spread of the data.

Variability

A statistical measure that describes the dispersion or spread of data points in a data set.

Standard Deviation

A statistical measure of the dispersion or variability of a set of data points around their mean.

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