A Researcher Is Attempting to Determine the Average Annual Expenditures

Multiple Choice

A researcher is attempting to determine the average annual expenditures per household on albums.Suppose $300 was considered the upper limit and $0 the lower limit.There are no past studies on which to base an estimate of s.What is your best estimate of the standard deviation?

A) $0
B) $50
C) $150
D) $300
E) No way to determine.