Which Product line under the America New for year 2027 has the lowest standard deviation value? O Product A O Product B O Product C O Product D

MATLAB: An Introduction with Applications
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ISBN:9781119256830
Author:Amos Gilat
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Product Type Item Projected Sales 2027 (in millions)
New D 16.1
New A 14.1
New B 14.7
New C 13.5
New D 15.7
New A 18
New B 15.7
New C 12.4
New D 12.6
New A 12.5
New B 15.4
New C 16.8
New D 11.2
New A 12.8
New B 17.4
New C 15.6
New D 14.7
New A 15.3
New B 14.4
New C 14.9
New D 14
New A 13.6
New B 15.8
New C 14.9
New D 14.9
New A 13.2
New B 14.4
New C 13.3
New D 17.4
New A 15.8
New B 14.8
New C 14.2
New D 16.8
New A 14.7
New B 17
New C 13.7
New D 14.4
New A 12.8
New B 12.9
New C 12.6
New D 13.7
New A 12.6
New B 15.4
New C 14.9
New D 14.2
New A 14.4
New B 13
New C 14.7
New D 14.4
New A 13
New B 13.5
New C 15.2
New D 12.3
New A 11.1
New B 10.5
New C 11.1
New D 9
New A 13.2
New B 12.8
New C 13.5
New D 10.9
New A 10.7
New B 10.8
New C 6.8
New D 13.7
New A 13.3
New B 13.3
New C 13.3
New D 12.7
New A 13
New B 12.7
New C 11.8
New D 13.8
New A 12.8
New B 15
New C 13.6
New D 10.9
New A 12.8
New B 11
New C 15.3
New D 14.9
New A 14.9
New B 10
New C 12.1
New D 9.3
New A 11.7
New B 12.3
New C 11.2
New D 12.7
New A 12.4
New B 13.3
New C 10.9
New D 9.8
New A 14.2
New B 15.2
New C 12
New D 8.9
New A 12.2
New B 11
New C 7.6
New D 12.8
New A 15.4
New B 10.8
New C 13.8
New D 11.3
New A 12.3
New B 12.9
New C 17
New D 12.4
New A 11.9
New B 13
New C 11.3
New D 10.7
New A 11.7
New B 11
New C 11
New D 14.1
New A 12.4
New B 11.4
New C 6.8
New D 12.3
New A 10.7
New B 13.8
New C 13.8
New D 13.1
New A 11.6
New B 11
New C 9.3
New D 13.1
New A 11.5
New B 12.4
New C 10.1
New D 11.4
New A 12.1
New B 6.8
New C 15.8
New D 14.9
New A 11.1
New B 12.2
New C 12.3
New D 15.6
New A 11.5
New B 10.6
New C 13.7
New D 12.3
New A 12.3
New B 6.9
New C 12.5
New D 13.1
New A 13
New B 14.6
New C 7.6
New D 10.6
New A 10.4
New B 10.7
New C 11.7
New D 12
New A 13.9
New B 12.2
New C 13.9
New D 12.1
New A 12.4
New B 13.2
New C 11.4
New D 12.7
New A 11.3
New B 12.4
New C 11.5
New D 10.3
New A 13.5
New B 11.7
New C 11.3
New D 10.8
New A 9.8
New B 9.6
New C 8.3
New D 10.7
New A 6.5
New B 12.3
New C 10.2
New D 7.9
New A 9.9
New B 12.6
New C 11.9
New D 10.6
New A 9.1
New B 9.3
New C 11.3
New D 11.4
New A 12.3
New B 10.1
New C 8.2
New D 13.5
New A 6.7
New B 10.2
New C 9.4
New D 10.6
New A 10.1
New B 14.6
New C 11.1
New D 13.4
New A 12.9
New B 9.5
New C 10.1
New D 9.2
New A 7.7
New B 9
New C 12.6
New D 11.7
New A 10.9
New B 8.1
New C 7.3
New D 13.3
New A 7.3
New B 7.7
New C 10
New D 10.3
New A 7.9
New B 6.8
**Question**: Which Product line under the America New for year 2027 has the lowest standard deviation value?

- ○ Product A
- ○ Product B
- ○ Product C
- ○ Product D

**Explanation**: 
This question asks you to identify which product line has the lowest standard deviation value for the year 2027. Standard deviation is a measure of the amount of variation or dispersion in a set of values. A lower standard deviation indicates that the values tend to be close to the mean. Choose the option that correctly answers the question based on your data analysis.
Transcribed Image Text:**Question**: Which Product line under the America New for year 2027 has the lowest standard deviation value? - ○ Product A - ○ Product B - ○ Product C - ○ Product D **Explanation**: This question asks you to identify which product line has the lowest standard deviation value for the year 2027. Standard deviation is a measure of the amount of variation or dispersion in a set of values. A lower standard deviation indicates that the values tend to be close to the mean. Choose the option that correctly answers the question based on your data analysis.
Expert Solution
Step 1

The standard deviation for Production A can be obtained using the excel formula “=STDEV.S(A1:A56)”. From the Excel formula, the standard deviation for Production A is 2.2402.

The standard deviation for Production B can be obtained using the excel formula “=STDEV.S(B1:B56)”. From the Excel formula, the standard deviation for Production B is 2.5286.

The standard deviation for Production C can be obtained using the excel formula “=STDEV.S(C1:C55)”. From the Excel formula, the standard deviation for Production C is 2.5310.

The standard deviation for Production D can be obtained using the excel formula “=STDEV.S(D1:D56)”. From the Excel formula, the standard deviation for Production D is 2.0958.

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