Business Studies, asked by sisa6509, 1 year ago

The mean and standard deviation of a set of 100 observations were worked out as 40 and 5 respectively by a computer who by mistake took the value 50 in place of 40 for one observation. What would be the correct mean and variance?

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Answered by Buqi
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The mean and standard deviation of 20 observations are found to be 10 and 2 respectively. On rechecking it was found that an observation 8 was incorrect. Calculate the correct mean and standard deviation If it is replaced by 12.
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