The following data show the interest rates on 4 randomly chosen personal loans (in percents): 6.6, 5, 10.7, 7.3. Calculate the standard deviation of the sample of interest rates. (please express your answer using 2 decimal places)
The following data show the interest rates on 4 randomly chosen personal loans (in percents): 6.6, 5, 10.7, 7.3. Calculate the standard deviation of the sample of interest rates. (please express your answer using 2 decimal places)
A First Course in Probability (10th Edition)
10th Edition
ISBN:9780134753119
Author:Sheldon Ross
Publisher:Sheldon Ross
Chapter1: Combinatorial Analysis
Section: Chapter Questions
Problem 1.1P: a. How many different 7-place license plates are possible if the first 2 places are for letters and...
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Question
The following data show the interest rates on 4 randomly chosen personal loans (in percents): 6.6, 5, 10.7, 7.3. Calculate the standard deviation of the sample of interest rates. (please express your answer using 2 decimal places)
Expert Solution
Step 1
Solution:
Let X be the interest rates.
The given data is 6.6, 5, 10.7 and 7.3.
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