How to solve question 22?
2 answers:
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Answer:
The standard deviation of the new data will be increased as compared to the previous standard deviation of the data.
Step-by-step explanation:
The prices are given to be : 59, 60, 65, 99, 175
Standard deviation = $49
Now, if we add or subtract any constant value to each of the terms then the standard deviation remains unchanged.
But, we add a new price in the given data that is $450
Hence, Standard deviation is calculated to be 139.5
Therefore, the standard deviation of the new data will be increased as compared to the previous standard deviation of the data.