Question: Each year, Forbes, magazine compiles a lists of the 400 richest Americans. The table below includes the top 8 on the list. Determine the population

Each year, Forbes, magazine compiles a lists of the 400 richest Americans. The table below includes the top 8 on the list. Determine the population variance. Round your answer to the nearest tenth, if necessary. Billionaires' Club Person Wealth (in billions of dollars) Warren Buffett 102 Steve Ballmer 97 Michael Bloomberg 70 Jim Walton 69 Alice Walton 68 Rob Walton 68 Phil Knight & Family 60 McKenzie Scott 59 Provide your answer below: The population variance, $sigma^2$ , is billion dollars.

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer

Step: 1 Unlock

To determine the population variance of the wealth of these eight billionaires follow ... View full answer

blur-text-image

Question Has Been Solved by an Expert!

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

Step: 2 Unlock

Step: 3 Unlock

Students Have Also Explored These Related Mathematics Questions!

Q:

Each year, Forbes magazine compiles a list of the 400 richest Americans. As of September 17, 2008, the top 10 on the list are as shown in the following table. Person Wealth ($ billions) William Gates...

Q:

Each year, Forbes magazine compiles a list of the 400 richest Americans. As of September 17, 2008, the top 10 on the list are as shown in the following table. Person Wealth ($ billions) William Gates...

Q:

Question 51 C In a city with three high schools, all the ninth graders took a Standardized Test, with these results: High School Mean Test Score Number of ninth graders (Frequency) Glenwood 81 262...

Q:

In the figure below, which compares different DNA extraction kits (e.g, MO BIO and PSP), which one of the two trees shows the co-occurrence of microbial taxa? Proportion of max 0 0.2 0.4 0.6 0.8...

Q:

A chunk of steel will sink in water. But a steel razor blade, carefully placed on the surface of water, will not sink. What is your explanation?

Q:

Consider the evaporation of methanol at 25.0 C: a. Find G r at 25.0 C. b. Find G r at 25.0 C under the following nonstandard conditions: i. P CH3OH = 150.0 mmHg ii. P CH3OH = 100.0 mmHg iii. P CH3OH...

Q:

Why are distributions an important part of descriptive statistics? Provide two examples of common HR data which do not demonstrate normal distributions.

Q:

Bart exchanges some real estate (basis of $800,000 and fair market value of $1 million) for other real estate owned by Roland (basis of $1.2 million and fair market value of $900,000) and $100,000 in...

Q:

If a customer defaults (doesn't pay) on a $20,000 Accounts Receivable and Levine decides to replace it with a 16 month 6% Note on 8/31/2025: Show the entry if the customer dishonors (doesn't pay) the...

Q:

A 6.10 percent coupon bond with 10 years left to maturity is priced to offer a 7.2 percent yield to maturity. You believe that in one year, the yield to maturity will be 7.0 percent. Assuming...

Q:

Professional Skepticism Case I was a senior working on a public company audit engagement. As part of our risk assessment, we evaluated the compensation and performance management process of a...

Q:

Employee Demographics Company A has 4 0 employees: 3 0 work in Sales, the rest in Customer Service. Company B has 3 6 employees: 1 8 work in Customer Service, the rest in Sales. Question Arrange the...

Q:

Renovation Nation Pty Ltd (Company) sold bathroom and kitchen products. Due to financial difficulties Tristan, an administrator, has been appointed to take control of the company. At the time of his...

Q:

Suppose Tim is a single full time worker, earning $75000 per year. He has a government bonds which return $1300 a month. He rents his apartment for $210 a week, with a monthly electricity bill of...

Q:

Pamrod Manufacturing acquired all the assets and liabilities of Stafford Industries on January 1, 20X2, in exchange for 4,000 shares of Pamrods $20 par value common stock. Balance sheet data for both...

Q:

Question 3: 10 The Wireless Miracle completed the following transactions during 2016: Jan 16: Declared a cash dividend on the 6%, $105 par noncumulative preferred stock (1,000 shares outstanding)....

Q:

9.Consider the reaction 3NO2(g)+H2O=2HNO3(aq)+NO(g) where Delta H=-137 kJ.How many kilojoules are released when 92.3g of NO2 reacts?

Q:

It is easier to renegotiate a term loan and a private placement in the event of a default. It is harder to renegotiate a public issue because hundreds of holders are usually involved. LO.1

Q:

Value of Right Show that the value of a right can be written as Value of a right PRO PX (PRO PS)/(N 1) where PRO, PS, and PX stand for the rights-on price, the subscription price, and the...

Q:

Unsecured bonds are called debentures or notes. They are general claims on the companys value. Most public industrial bonds are unsecured. In contrast, utility bonds are usually secured. Mortgage...

Related Book

Calculus Early Transcendentals 9th Edition by James Stewart, Daniel K. Clegg, Saleem Watson, Lothar Redlin