Question: Consider the following two data sets. Each value of the second data set is obtained by multiplying the corresponding value of the first data set

Consider the following two data sets.

Each value of the second data set is obtained by multiplying the corresponding value of the first data set by 2. Calculate the standard deviation for each of these two data sets using the formula for population data. Comment on the relationship between the two standard deviations.

Data Set I: Data Set II 8 15 30 9 1 18 22 4 16

Step by Step Solution

★★★★★

3.37 Rating (172 Votes )

There are 3 Steps involved in it

1 Expert Approved Answer

Step: 1 Unlock

The standard deviation of the second data set is twice the sta... View full answer

Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock

Step: 3 Unlock

Document Format (1 attachment)

492-M-S-D-A (3326).docx

120 KBs Word File

Students Have Also Explored These Related Statistics Questions!

Consider the following two data sets. Notice that each value of the second data set is obtained by multiplying the corresponding value of the first data set by 2. Calculate the mean for each of these...

Consider the following two data sets. Notice that each value of the second data set is obtained by adding 7 to the corresponding value of the first data set. Calculate the mean for each of these two...

Calculate the standard deviation for the data in question 2.

Find the standard deviation. Comment on your answer. 10 Consider the following two data sets: Data set I: 13, 25, 27, 15 Data set II: 10, 15, 30, 25 Find the mean and the standard deviations for each...

You are employed as an accountant at Perfect Accountants & Co., CPAs. On January 3, 2021, a new client you acquired the past December 15 informed you that no periodic or other required reports...

Consider the following two data sets. Data Set I: 122537841 Data Set II: 1932441548 Note that each value of the second data set is obtained by adding7 to the corresponding value of the first data...

Question: 01 The following data refers to the price of mobile phones used by office going people during the year of 2017 to 2018. 460, 720, 538, 702, 575, 438, 635, 721, 617, 840, 890, 560, 570, 706,...

The following data are ages (in years) of 10 students 20, 20, 20, 20, 20, 20, 20, 20, 20, 20 Find the standard deviation. Comment on your answer. 10 Consider the following two data sets: Data set I:...

*3.60 Consider the following two data sets. Data Set I: 4 8 15 9 11 Data Set II: 8 16 30 18 22 Note that each value of the second data set is obtained by multiplying the corresponding value of the...

Suppose that college students with a checking account typically write relatively few checks in any given month, whereas people who are not college students typically write many more checks during a...

Does every organization that has a LAN need a firewall?

3, 8 Several years ago Benny Jackson (125 Hill Street, Charleston, WV 25311) acquired an apartment building that currently generates a loss of $60,000. Bennys AGI is $130,000 before considering the...

How does the creation of a secondary market in mortgages help to promote home ownership? Why might the federal government decide to intervene in the housing market to promote home ownership?

During the Republican primary elections of 2012, Rasmussen Polls estimated that in Ohio, Mitt Romney would receive 31% of the vote and Rick Santorum would receive 33%. However, Rasmussen claimed that...

In March 2012, President Obamas approval ratings were the highest they had been in almost a year: 46% of those that Gallup sampled approved of the job Obama was doing as president...

Are the career goals of young women changing? A Pew Poll asked young women about the importance they place on having a high-paying career or profession. Those women who said being successful in a...

x P(x) x*p(x) x-u (x-u) 2 (x-u) 2 *p(x) 0 0.32768 0 -1 1 0.32768 1 0.4096 0.4096 0 0 0 2 0.2048 0.4096 1 1 0.2048 3 0.0512 0.1536 2 4 0.2048 4 0.0064 0.0256 3 9 0.0576 5 0.00032 0.0016 4 16 0.00512...

what is the equation for a nominal interest rate, i, with Question: What is the equation for a nominal interest rate, i, with a categorized risks included

Final Project Part II Part II Overview For this part of the final project, you will be given a scenario in which you are asked to illustrate your financial computation and analysis skills. This part...