Find the standard deviation for the given data. Round your answer to one more decimal place than the original data. To get the best deal on a CD player, Tom called eight appliance stores and asked the cost of a specific model. The prices he was quoted are listed below: $124 $256 $118 $441 $122 $335 $340 $191

$122.1

Step-by-step explanation:

We are given the following data in the question

$124, $256 , $118, $441, $122, $335, $340, $191

Step 1

Find the mean

Mean = Sum of Terms / Number of Terms

Number of Terms = 8

Mean = ($124 + $256 + $118 + $441 + $122 + $335 + $340 + $191 )/ 8

Mean = $1927/8

= $240.875

Approximately to 1 decimal place

$240.9

Step 2

Standard deviation formula

S = √( x - μ)²/ N - 1),

N = Number of terms

μ = Mean

S = √[($124 - $240.9)² + ($256 - $240.9)² + ($118 - $240.9)² + ($441 - $240.9)² + ($122 - $240.9)² + ($335 - $240.9)² + ($340 - $240.9)²+ ($191 -$240.9)²/ 8 - 1]

S = $122.0895

Approximately to 1 decimal place

S = $122.1

Therefore, the standard deviation for the given data is $122.1

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