In a recent academic year, many public universities in the United States raised tuition and...
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In a recent academic year, many public universities in the United States raised tuition and fees due to a decrease in state subsidies. The change in the cost of tuition, a shared dormitory room, and the most popular meal plan from the previous academic year for a sample of 10 public universities were as follows: $1,589, $793, $1,223, $896, $423, $1,720, $808, $1455, $959 and $508. Referring to Scenario 3-7, what is the standard deviation of the change in the cost?
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