Question: Explain why we generally prefer the standard deviation to the range as a measure of variability for quantitative data.

Explain why we generally prefer the standard deviation to the range as a measure of variability for quantitative data.

Step by Step Solution

★★★★★

3.54 Rating (182 Votes )

There are 3 Steps involved in it

1 Expert Approved Answer
Step: 1 Unlock

The range is found by taking the largest measurement in the data set and s... View full answer

blur-text-image
Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock
Step: 3 Unlock

Document Format (1 attachment)

Word file Icon

766-M-S-D-A (7613).docx

120 KBs Word File

Students Have Also Explored These Related Statistics Questions!

Q:

The data set on the left represents the annual rate of return (in percent) of eight randomly sampled bond mutual funds, and the data set on the right represents the annual rate of return (in percent)...

Q:

A company supplies pins in bulk to a customer. The company uses an automatic lathe to produce the pins. Due to many causes-vibrations, temperature, wear and tear, and the like-the lengths of the pins...

Q:

(a) If we are conducting a statistical test and determine that our sample shows significant results, there are two possible realities: We are right in our conclusion or we are wrong. In each case,...

Q:

Explain why we generally prefer the standard deviation to the range as a measure of variation.

Q:

Explain why we generally prefer the standard deviation to the range as a measure of variation.

Q:

160 Explain why we generally prefer the standard deviation to the range as a measure of variation.

Q:

Which of the following variables would be considered to be quantitative variables Group of answer choices the height of a person measured in inches. the type of car at a dealership: compact, sedan,...

Q:

1) Which of the following situations is the only one which is an example of inferential statistics (as opposed to descriptive statistics)? a) A gym teacher records the average time it takes for all...

Q:

a. Obtain the sample standard deviation of these data. S= (Round to one decimal place as needed.) b. Do you think that, in this case, the sample standard deviation provides a good measure of...

Q:

1. The more dispersed the data are, the larger the range, the interquartile range, the variance, and the standard deviation will be. True or false? Explain. 2. If a set of data contains observations...

Q:

Read the Starbucks article and then answer the following questions: 1. What factors accounted for Starbucks' success in the early 1990's? What brand image did Starbucks develop during this period? 2....

Q:

34. Research has shown that peoples attitudes are affected by how they are treated by the police and not necessarily by the outcome of the interaction. True False

Q:

1, 4 In the following independent situations, is the tax position of the taxpayer likely to change? Explain why or why not. a. John started renting out a spare room in his home. b. Theresa quit her...

Q:

x4 1 1 x Use Newtons method to find all roots of the equation correct to six decimal places.

Q:

Smart Insights reported on the search shares (i.e., percentage of all Internet searches) for the most popular search engines available on the Web. In Jan. 2020, Google accounted for 73% of all...

Q:

In agriculture, a main cause of fatal injuries is tractor rollover. To combat this problem, tractor manufacturers have installed foldable rollover protection structures (FROPS). Human Factors...

Q:

The following payoff table shows profit for a decision analysis problem with two decision alternatives and three states of nature: a. Construct a decision tree for this problem. b. If the decision...

Q:

Consider the following sample data: 4 2 5 0 3 2 5 2 3 8 4 8 a . Calculate the range. b . Calculate MAD. ( Round your intermediate calculations to at least 4 decimal places and final answer to 2...

Q:

Matsumoto Limited (ML), a large conglomerate firm, has a capital structure that currently consists of 20 percent long-term debt, 10 percent preferred stock, and 70 percent common equity. ML has...

Q:

Investing $2,000,000 in TQM's Channel Support Systems initiative will at a minimum increase demand for your products 1.7% in this and in all future rounds. (Refer to the TQM Initiative worksheet in...