Find the population variance and standard deviation of the starting salaries for Corporation B in Example 1.
Question:
Find the population variance and standard deviation of the starting salaries for Corporation B in Example 1.
Starting Salaries for Corporation B (in thousands of dollars)
Salary 40 23 41 50 49 32 41 29 52 58
a. Find the mean and each deviation.
b. Square each deviation and add to get the sum of squares.
c. Divide by N to get the population variance.
d. Find the square root of the population variance to get the population standard deviation.
e. Interpret the results by giving the population standard deviation in dollars.
CorporationA Corporation is a legal form of business that is separate from its owner. In other words, a corporation is a business or organization formed by a group of people, and its right and liabilities separate from those of the individuals involved. It may...
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Related Book For
Elementary Statistics Picturing The World
ISBN: 9780321911216
6th Edition
Authors: Ron Larson, Betsy Farber
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