Question: Given a data set with a largest value of 760 and a smallest value of 135, what would you estimate the standard deviation to be?

Given a data set with a largest value of 760 and a smallest value of 135, what would you estimate the standard deviation to be? Explain the logic behind the procedure you used to estimate the standard deviation. Suppose the standard deviation is reported to be 25. Is this number reasonable?

Explain.

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer
Step: 1 Unlock 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

Students Have Also Explored These Related Business Statistics Questions!