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Problem 1
2.5 Measures of Variability: Range, Standard Deviation, and Variance
Find the Range, Variance, and the Standard Deviation for the following FPL electric bill amounts: (Note, use the following to help speed up the calculations:n = 12, Sum of x = 1698.23, and Sum of X squared = 276,014.86)
Jan-09 |
$52.28 |
Feb-09 |
$91.38 |
Mar-09 |
$119.02 |
Apr-09 |
$85.74 |
May-09 |
$103.44 |
Jun-09 |
$163.14 |
Jul-09 |
$146.23 |
Aug-09 |
$215.94 |
Sep-09 |
$204.80 |
Oct-09 |
$209.10 |
Nov-09 |
$204.80 |
Dec-09 |
$102.36 |
What would the units for the standard deviation be in the problem above? What units would the variance have?