Answer
mean = 150
variance = 5730.612
standard deviation = 75.7008
∑mf represents the total average amount (in dollars) of electric bill for August of 50 families
Work Step by Step
mean = 7500\div50=150
Variance
$=σ^2$
$=(∑m^2 f-([(∑mf)]^2/50-1))/50$
$= \frac{1405800- (56250000\div49)}{50}$
$=(1405800-1125000)\div50$
$=5730.612$
Standard deviation $= \sqrt 5730.612
=75.7008$