Salaries of Office Workers ​ the Following Data Represent the Salaries

question 126

Essay

Salaries of Office Workers ​ The following data represent the salaries (in thousands of dollars)of a sample of 13 office workers of a firm: 26.5,23.5,29.7,24.8,21.1,24.3,20.4,22.7,27.2,23.7,24.1,24.8,and 28.2. ​ ​
-{Salaries of Office Workers Narrative} Compute the variance and standard deviation of the salaries,and express the numbers in the appropriate units.

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Definitions:

Production

The process of creating goods or services using inputs such as labor, raw materials, and machinery.

Opportunity Cost

The cost of forgoing the next best alternative when making a decision or choosing to utilize resources in a particular way.

Germany

A country in Central Europe known for its rich history, technological innovations, and economic power.

Cameras

Devices used to capture images, either as photographs on film or as digital images through electronic sensors.