Mika wants to buy a condominium. He has the choice of buying it now or renting it with the option to buy at the end of 3 years.
2 answers:
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Answer:
The standard deviation of the data set is .
Step-by-step explanation:
The Standard Deviation is a measure of how spread out numbers are. Its symbol is σ (the greek letter sigma)
To find the standard deviation of the following data set
we use the following formula
Step 1: Find the mean .
The mean of a data set is the sum of the terms divided by the total number of terms. Using math notation we have:
Step 2: Create the below table.
Step 3: Find the sum of numbers in the last column to get.
Step 4: Calculate σ using the above formula.
