Question

The mean cost for a pint of frozen yogurt is $1.50, with a standard deviation of $0.10.

Answer 1

Answer:

The correct answer is:

0.01$ (c)

Step-by-step explanation:

Standard deviation is a measure of how spread out numbers are from the mean value. The formula for standard deviation is given by:

$s = \sqrt{\frac{\sum(x - \bar x)}{n} } \\where:\\x = sample\ \\\bar x\ = mean\\n\ = number\ of\ samples$

Variance is a measure of the squared differences from the mean.

Variance is simply the square of the standard deviation. It is mathematically shown as:

$s^2 = \frac{\sum(x - \bar x)}{n} }$

Now in our example,

Stabnard deviation = $0.10

Variance = (standard deviation)²

Variance = (0.10)²

Variance = $0.01