The price (in dollars) of the eight smart phones that were rated highest by Consumer Reports in

Question:

The price (in dollars) of the eight smart phones that were rated highest by Consumer Reports in 2018 (consumerreports.org, retrieved February 23, 2018) were

730 850 830 800 700 1000 950 520

a. Calculate the values of the variance and the standard deviation.

b. The standard deviation is quite large. What does that tell you about the prices of these highly-rated smartphones?

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a b The large value of the standard deviatio...View the full answer

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