Answer to Question #242523 in Statistics and Probability for wert

Question

At ABC University, a group of students was selected and asked how much of their weekly allowance they spent in buying mobile phone load. The following is the list of amounts spent: Php 120, 110, 100, 200, 10, 90, 100, 100. find the standard deviation.

Answer 1

Formula for the standart deviation(unbiased): $s^2=\Sigma (x(i)-u)^2/(n-1)$, where x(i)-element with i number, u-mean of the sample, n-sample size.

Mean of the sample: $u=(120+...+100)/8=103.75$

Sum:

$\Sigma (x(i)-u)^2=(120-103.75)^2+...+(100-103.75)^2= 18413.6875$

$s^2=18413.6875/7=2630.5(approximately)$

standart deviation is equal to s, and approximately equal to 51.3