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The sample mean for the above frequency table is calculated as 36.25.Calculate the (approximate)sample variance and standard deviation for this data set.
Absolute Poverty
A state defined by the extreme lack of essential human requirements such as food, clean drinking water, hygiene services, healthcare, housing, education, and access to information.
Relative Poverty
A condition where a person lacks the minimum amount of income needed in order to maintain the average standard of living in the society in which they live.
Poor Countries
Nations characterized by a low standard of living, underdevelopment, and low income per capita, often facing challenges such as limited access to education, healthcare, and resources.
Modernization Theory
A theory suggesting that traditional societies will develop as they adopt more modern practices, technology, and cultural values, leading to similar patterns of social, economic, and political progress among societies.
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