Explain why the standard deviation would likely not be a reliable measure of variability for a distribution

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Explain why the standard deviation would likely not be a reliable measure of variability for a distribution of data that includes at least one extreme outlier?
Distribution
The word "distribution" has several meanings in the financial world, most of them pertaining to the payment of assets from a fund, account, or individual security to an investor or beneficiary. Retirement account distributions are among the most...
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Business Analytics Data Analysis and Decision Making

ISBN: 978-1305947542

6th edition

Authors: S. Christian Albright, Wayne L. Winston

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