What picture........................
The best answer between the two choices would be the second option B) FALSE because the owner doesn't have to use his ''best'' judgement to figure out costs and expenses when it comes to sales.
Standard deviation is: It is a measure of how spread out numbers are. It is the square root of the Variance, and the Variance is the average of the squared differences from the Mean.
For example: To find the standard deviation, you have to add up all the numbers in the data set, then divide by how many numbers there are, and that will get you your answer.
Example, Say your data set is: 9, 2, 5, 4, 12, 7, 8, 11, 9, 3, 7, 4, 12, 5, 4, 10, 9, 6, 9, 4.
The Mean is: 9 + 2 + 5 + 4 + 12 + 7 + 8 + 11 + 9 + 3 + 7 + 4 + 12 + 5 + 4 + 10+ 9 + 6 + 9 + 4. Over 20. That equals: 104 over 20 = 7.
So, the Standard Variance and Mean is: 7 for this problem.
Hope I helped!
- Debbie
Answer:
Hello I am not 100% on my answer but I would assume that X is 2.5 and Y is 6.5
Hope This Helps! please correct me if i am wrong
