Question
Easy
If N=10, ΣX=80, ΣX²=1000, then standard deviation will be :
1
6
2
8
3
10
4
12
Question Details
Time to Solve: 12
Exam: HTET
Level/Paper: Level 3
Chapter: Statistics for Economics
Topic: Measures of Dispersion
Correct Answer
Option A
Explanation
The correct option is 1 (6). The standard deviation (σ) is a measure of the amount of variation or dispersion of a set of values. It is calculated using the formula: σ = SQRT((ΣX² / N) - (ΣX / N)²). First, we calculate the arithmetic mean (X̄), which is ΣX / N, or 80 / 10 = 8. Next, we substitute the values into the formula: σ = SQRT((1000 /…Read More
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