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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 $36,382, $35,894, $43,892, $27,139, $56,990 and $46,868. What is the standard deviation for this sample? (Round your intermediate calculations and final answer to the nearest whole number.)  

Math   Statistics-And-Probability   
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Answer #1

Ou sample (X) of size (n) 6 is -

$36,382, $35,894, $43,892, $27,139, $56,990 and $46,868

First we have to calculate sample mean.

                           

Sample standard deviation = s

   

The standard deviation for this sample is $ 10371.

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