Question

In: Accounting

A researcher randomly purchases several different kits of a popular building toy. The following table shows...

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.

Building Toy Pieces
174 59
279 364
364 59
118 310
279 123
184 522

Solutions

Expert Solution

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

*************************************************

I have solved the answer clearly

please give upvote which is very helpfull for us

*********************THANK YOU**********************


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