Sassy Fashions buys dresses at wholesale and then marks them up for retail sale. They recently sold a dress at a 40% discount of
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Answer:
(a) and
(b) The sample variance is and the sample standard deviation is
Step-by-step explanation:
(a)
The sum of these 17 sample observations is
and the sum of their squares is
(b)
The sample variance, denoted by , is given by
where
Applying the above formula we get that
The sample standard deviation, denoted by <em>s</em>, is the (positive) square root of the variance:
Applying the above formula we get that