One of the Key Determinants of Economic Growth Is Access

Multiple Choice

One of the key determinants of economic growth is access to capital. Using 54 variables to create an index of 1-7, with 7 been best possible access to capital, Milken Institue ranked the following as the top ten nations (although technically Hong Kong is not a nation) by the ability of their entrepreneurs to gain access to capital: Find the mean of the indices of the top ten nations. What is the standard deviation of these data?

A) μ = 5.34; σ = 0.28
B) μ = 3.25; σ = 0.28
C) μ = 3.32; σ = 0.43
D) μ = 5.94; σ = 0.27
E) μ = 5.34; σ = 0.58