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Despite tuition skyrocketing, a college education is still valuable. Recent calculations by the Federal Reserve Bank...

Despite tuition skyrocketing, a college education is still valuable. Recent calculations by the Federal Reserve Bank in San Francisco demonstrate a college degree is worth $800,000 in lifetime earnings compared to the average high school education. Assume graduates in 2017 earn $38,382, $35,734, $43,092, $26,259, $70,313 and $49,268.


What is the standard deviation for this sample? (Round your intermediate calculations and final answer to the nearest whole number.)


Standard deviation            $

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Answer #1

Standard deviation is a measure of total risk of a security. Higher the S.D, higher the risk.

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