The following data show the interest rates on 4 randomly chosen personal loans (in percents): 6.6, 5, 10.7, 7.3. Calculate the standard deviation of the sample of interest rates. (please express your answer using 2 decimal places)
The following data show the interest rates on 4 randomly chosen personal loans (in percents): 6.6, 5, 10.7, 7.3. Calculate the standard deviation of the sample of interest rates. (please express your answer using 2 decimal places)
College Algebra (MindTap Course List)
12th Edition
ISBN:9781305652231
Author:R. David Gustafson, Jeff Hughes
Publisher:R. David Gustafson, Jeff Hughes
Chapter4: Polynomial And Rational Functions
Section4.6: Rational Functions
Problem 11SC: Find the mean hourly cost when the cell phone described above is used for 240 minutes.
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Question
The following data show the interest rates on 4 randomly chosen personal loans (in percents): 6.6, 5, 10.7, 7.3. Calculate the standard deviation of the sample of interest rates. (please express your answer using 2 decimal places)
Expert Solution
Step 1
Solution:
Let X be the interest rates.
The given data is 6.6, 5, 10.7 and 7.3.
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