Question

the spreadsheet linked above contains various housing and economic data for all states.what is the standard deviation of the average outstanding mortgage amounts for states in the northeast?round to two decimal places.

Answer 1

To find the standard deviation of the average outstanding mortgage amounts for states in the northeast, calculate the mean of the average mortgage amounts and then find the square root of the mean of the squared differences.

To find the standard deviation of the average outstanding mortgage amounts for states in the northeast, follow these steps:

1. Calculate the average outstanding mortgage amount for each state in the northeast.
2. Find the mean of these average mortgage amounts.
3. For each state, subtract the mean from its average mortgage amount and square the result.
4. Find the mean of these squared differences.
5. Take the square root of the mean from step 4.
6. Round the result to two decimal places.

This will give you the standard deviation of the average outstanding mortgage amounts for states in the northeast.