Math Problem Statement
A certain stock had the following prices for the past five days:
17.80, 15.71, 16.74, 16.21, 15.95
To the nearest hundredth, what is the sample standard deviation of these stock prices?
Solution
To calculate the sample standard deviation of the given stock prices, we follow these steps:
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**Calculate the mean (average) of the dataTo calculate the sample standard deviation of the given stock prices, we follow these steps:
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**Calculate the mean (average) of the **
- Subtract the mean from each data point and square the result (this gives the squared deviations):
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Math Problem Analysis
Mathematical Concepts
Statistics
Descriptive Statistics
Standard Deviation
Formulas
Sample Standard Deviation formula
Variance formula
Theorems
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Suitable Grade Level
Grades 10-12
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