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Assume this data set you are analyzing represents a sample of the GBM/SGBM student population. For the question What would you say, on average, is
Assume this data set you are analyzing represents a sample of the GBM/SGBM student population. For the question "What would you say, on average, is the total amount you spend on snacks for a week?"
- Manually calculate the standard deviation in excel (be sure to show your work).
- Assume we had a normal distribution for the data we were looking at in Question 5. Between what range (CAD $) would you expect to find 68% of the data.
- If the data we were looking at in Question 5 represented the population instead of a sample, would you expect the standard deviation to be higher or lower than what was calculated? Why?
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