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The annual incomes of the five vice presidents of TMV Industries are $125,000; $128,000; $122,000; $133,000; and $140,000. Consider this a population. a. What is the range? b. What is the arithmetic mean income? c. What is the population variance and the standard deviation? (Round standard deviation to 1 decimal place.)

1 Answer

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Explanation:

A. Range = highest quantity – lowest quantity

140000 – 122000

18000

B. 125000 + 128000+122000+133000+140000/5

Ans: 129600

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