Exhibit 16.4 A researcher is attempting to determine the average annual expenditures per household on compact discs.Suppose $600 was considered the upper limit and $0 the lower limit.There are no past studies on which to base an estimate of s.
Refer to Exhibit 16.4.What is your best estimate of the standard deviation?
A)$120
B)$200
C)$100
D)$300
E)No way to determine.

Question

Quizplus · Accepted Answer

The Answer of Exhibit 16.4 A researcher is attempting to determine the average annual expenditures per household on compact discs.Suppose $600 was considered the upper limit and $0 the lower limit.There are no past studies on which to base an estimate of s.
Refer to Exhibit 16.4.What is your best estimate of the standard deviation?
A)$120
B)$200
C)$100
D)$300
E)No way to determine.