In: Accounting
A researcher randomly purchases several different kits of a popular building toy. The following table shows the number of pieces in each kit in the sample. Find the standard deviation of the data. Round your answer to the nearest hundredth, if necessary.
174 | 59 |
279 | 364 |
364 | 59 |
118 | 310 |
279 | 123 |
184 | 522 |
GIVEN THAT :-
According to the question we have that
the values as
174,279,364,118,279,184,59,364,59,310,123,522
now
TO FIND :- the standard deviation of the data.
FOR FINDING the standared deviation we have a formula
==> squreroot (1/N )*sum of all xi*(xi-mean)^2---(1)
where
N =number of variables
xi = values
for finding the standared deviation we need to find the mean first
mean = sum of all the values / number of all the values
so ,
174+279+364+118+279+184+59+364+59+310+123+522/12
= 2835/12
therefor MEAN = 236.25
NOw substituting all the values in standared deviation (1) we get
squrerot 1/12((174-236.25)^2+(279-236.25)^2+..........+(522-236.25)^2)
sloving we get that
= squreroot 1/12{(3875.06+1827.56+16320.06+13983.06+1827.56+2730.06+31417.56+16325.06+31417.56+5439.06+12825.56+81653.06)}
= squreroot 1,88,223.66/12
= squre root 15,685.305
=125.2409876997143
therefore,
the standared deviation = 125.24
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