Example: stock market
Variance and standard deviation (grouped data)
Standard deviation = √ 138.727 =11.78 Exercises Find an estimate of the standard deviation of the following: 1. a) Lifetime Frequency b) Income Frequency c) House Frequency (hours) of (1000’s £) prices components (1000’s £) 300 ≤ l<400 13 10 ≤ i<15 9 40 ≤ p<60 5 400 ≤ l<500 25 15 ≤ i<20 16 60 ≤ p<80 9 500 ≤ l<600 66 20 ≤ ...
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