- 1 Marks
Question
What is the standard deviation of the JAC Airlines’ revenue profile for four years if the revenues for those years are N20m, N25m, N18m, and N24m?
A. 2.86
B. 2.87
C. 2.88
D. 2.89
E. 2.99
Answer
A
Explanation:
The correct answer is “A. 2.86.” The standard deviation measures the dispersion of the revenue data points from the mean. The revenue profile data (N20m, N25m, N18m, N24m) is used to compute the standard deviation using the formula for standard deviation, which is the square root of the variance.
Run-down:
Standard deviation is used to quantify the amount of variation or dispersion in a set of values. Here, the values represent the revenues over four years, and the standard deviation of these values is calculated as 2.86.
- Tags: Dispersion, Revenue, Standard Deviation
- Level: Level 1
- Topic: Data Collection Analysis
- Series: NOV 2015
- Uploader: Dotse