Question: Time to start a business. Verify the statement in the last bullet above using the data on the time to start a business. First, use

Time to start a business. Verify the statement in the last bullet above using the data on the time to start a business. First, use the 24 cases from Case 1.2 (page 26) to calculate a standard deviation. Next, include the country Suriname, where the time to start a business is 694 days. Show that the inclusion of this single outlier increases the standard deviation from 19 to 133.

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