Answered step by step

Verified Expert Solution

Link Copied!

Question

1 Approved Answer

Posted on Jul 05, 2024

the following data values represent the daily amount spent by a family each day during a 7 day summer vacation. Find the variance of this

the following data values represent the daily amount spent by a family each day during a 7 day summer vacation.

Find the variance of this dataset: $96, $125, $80, $110, $75, $100, $121

Round the final answer to one decimal place.

Step by Step Solution

There are 3 Steps involved in it

Step: 1

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

Step: 3

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Real Analysis On Intervals

Authors: A D R Choudary, Constantin P Niculescu

1st Edition

8132221486, 9788132221487

More Books

Students also viewed these Mathematics questions

Question

★★★★★

You plan to retire at age 65. You anticipate needing $5,000 per month ($60,000 per year) after you retire. You expect to live for 20 years after you retire. You will work for 40 years, from age 25 to...

Answered: 1 week ago

Question

★★★★★

A bank is quoting the following exchange rates against the dollar for the Swiss franc and the Australian dollar: SFr/$ = 1.5960-70 A$/$ = 1.7225-35 An Australian firm asks the bank for an A$/SFr...

Answered: 1 week ago

Question

★★★★★

Under what conditions is the sampling distribution of the two-sample ???? statistic approximated by the ???? distribution?

Answered: 1 week ago

Question

★★★★★

Jenkins Company uses a job order cost system with overhead applied to jobs on the basis of direct labor hours. The direct labor rate is $20 per hour, and the predetermined overhead rate is $15 per...

Answered: 1 week ago

Question

★★★★★

READ THE CASE STUDY AND ANSWER QUESTIONS Case Study Universal Apartments Universal Apartments Inc. is a company that owns apartment buildings throughout the cities in Ontario. The company started its...

Answered: 1 week ago

Question

★★★★★

The predetermined overhead rate for Sheffield Corp. is $5, comprised of a variable overhead rate of $3 and a fixed rate of $2. The amount of budgeted overhead costs at normal capacity of $150000 was...

Answered: 1 week ago

Question

★★★★★

What was the positive value of Max Weber's model of "bureaucracy?"

Answered: 1 week ago

Question

★★★★★

NHIKNHAK Enterprises has determined the cost of manufacturing a unit of product as follows, based on normal production of 60,0000 units per year: Direct materials Direct labor Variable factory...

Answered: 1 week ago

Question

★★★★★

Sales Revenue $ 1 0 0 0 0 0 , Variable Costs $ 6 0 0 0 0 , Fixed Costs $ 2 0 0 0 0 . What is the

Answered: 1 week ago

Question

★★★★★

According to Wheeler (Axiom 7): "Every data set contains noise. Some data sets also contain signals. Before you can detect the signals within your data, you must filter out the noise". Explain the...

Answered: 1 week ago

Question

★★★★★

Lavazza distributes ground coffee in three supply chain channels (i = 1, 2 and 3). For each channel the demand-price relationship (in boxes) is linearly defined by the constants A1, A2 and A3 and...

Answered: 1 week ago

Question

★★★★★

1. The first Stew Leonards retail grocery was established in 1969. Do you think the culture established and nurtured at this successful firm could be adopted by other retail grocery stores? Explain...

Answered: 1 week ago

Question

★★★★★

1. In the bright light of hindsight, most of us would probably say we would blow the whistle on these instances had we been a witness to them, especially because there was so much money involved. But...

Answered: 1 week ago

Question

★★★★★

3. If you were the employer, how would you handle each of the instances above?

Answered: 1 week ago

Previous Question Next Question