One of the key determinants of economic growth is access to capital. Using 54 variables to create an index of 1-7, with 7 been best possible access to capital, Milken Institue ranked the following as the top ten nations (although technically Hong Kong is not a nation) by the ability of their entrepreneurs to gain access to capital: Find the mean of the indices of the top ten nations. What is the standard deviation of these data?
A) μ = 5.34; σ = 0.28
B) μ = 3.25; σ = 0.28
C) μ = 3.32; σ = 0.43
D) μ = 5.94; σ = 0.27
E) μ = 5.34; σ = 0.58

Question

One of the key determinants of economic growth is access to capital. Using 54 variables to create an index of 1-7, with 7 been best possible access to capital, Milken Institue ranked the following as the top ten nations (although technically Hong Kong is not a nation) by the ability of their entrepreneurs to gain access to capital:  Find the mean of the indices of the top ten nations. What is the standard deviation of these data?
A) μ = 5.34; σ = 0.28 
B) μ = 3.25; σ = 0.28 
C) μ = 3.32; σ = 0.43 
D) μ = 5.94; σ = 0.27 
E) μ = 5.34; σ = 0.58

Quizplus · Accepted Answer

The Answer of One of the key determinants of economic growth is access to capital. Using 54 variables to create an index of 1-7, with 7 been best possible access to capital, Milken Institue ranked the following as the top ten nations (although technically Hong Kong is not a nation) by the ability of their entrepreneurs to gain access to capital:  Find the mean of the indices of the top ten nations. What is the standard deviation of these data?
A) μ = 5.34; σ = 0.28 
B) μ = 3.25; σ = 0.28 
C) μ = 3.32; σ = 0.43 
D) μ = 5.94; σ = 0.27 
E) μ = 5.34; σ = 0.58

One of the Key Determinants of Economic Growth Is Access