Question: If the range of a data set is 56, find the approximate value of the standard deviation, using the range rule of thumb.

If the range of a data set is 56, find the approximate value of the standard deviation, using the range rule of thumb.

Step by Step Solution

★★★★★

3.38 Rating (170 Votes )

There are 3 Steps involved in it

1 Expert Approved Answer
Step: 1 Unlock

Here range of the dataset R 56 The range rule of thumb for ... 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 (2 attachments)

PDF file Icon

1597_6062c74d14a47_679319.pdf

180 KBs PDF File

Word file Icon

1597_6062c74d14a47_679319.docx

120 KBs Word File

Students Have Also Explored These Related Business Statistics Questions!

Q:

Oriole Farm Supply Company manufactures and sells a pesticide called Snare. The following data are available for preparing budgets for Snare for the first 2 quarters of 2025. 1. Sales: quarter...

Q:

What is the range of a data set?

Q:

Answer true or false. If the statement is false, explain why or give a counterexample. a. A grade of 86% is always better than being in the 86th percentile. b. A mean is always greater than a median....

Q:

If the range of X is the set {0, 1, 2, 3, 4} and P(X =x) =0.2 determine the mean and variance of the random variable.

Q:

15. The mix of equipment and human skills in a process determines the level of: A) process structure B) capital intensity C) customer involvement D) resource flexibility E) None of the above A...

Q:

Unit 6 Assignment: Running and Interpreting a t-Test Using Excel Due Date: 11:59 pm EST Sunday of Unit 6 Points: 100 Overview: For this assignment, you will apply your knowledge of experimental...

Q:

Solving a word problem 0 Question 20 v B 0/1 pt 0 3 8 99 G) Details On a recent quiz, the class mean was 69 with a standard deviation of 4.2. Calculate the z-score (to 4 decimal places) for a person...

Q:

No need to show work 0 Question 7 v 32 pts '01 (D Details A sample of size n : 10 is drawn from a population. The data is shown below. 125.6 101.8 125.6 106 108.8 94.6 119.8 125.6 90.4 88 What is the...

Q:

unit II q12. Summarized on the right is the sale (in thousands) of the top five products in 2002. Use this information to calculate what percent of the sales of these five products was due to product...

Q:

Please answer BOTH parts! Thank you! INSTRUCTIONS This assignment will be completed in two parts: Data Sets and Summary. After completing the computations for the Data Sets, you will summarize what...

Q:

5. Top Video Games The following represent XBOX One Top Selling Games and units sold: Titanfall 2,000,000 Call of Duty: Ghosts 1,790,000 Battlefield 4 1,340,000 Forza Motorsport 5 1,340,000 Tomb...

Q:

The Sainfield, Co. has just ended the 2012 production year. The balance sheet and income statement are presented below. Two of the four key financial statements remain to be prepared for the...

Q:

The following information pertains to Oriole Company. Assume that all balance sheet amounts represent average balance figures. Total assets $387000 Stockholders' equity-common 199000 Total...

Q:

Question 1 6 of 1 9 View Policies Current Attempt in Progress Which of the following best defines quantitative risk analysis? An approach that focuses on understanding the nature of risks without...

Q:

The Arizona Bay Corporation sells on credit terms of net 30. Its accounts are, on average, four days past due. If annual credit sales are $9.75 million, what is the company's balance sheet amount in...

Q:

In the Walton Bookstore example with a discrete demand distribution, explain why an order quantity other than one of the possible demands cannot maximize the expected profit.

Q:

In Figure, a light ray in air is incident at angle ?1 on a block of transparent plastic with an index of refraction of 1.56. The dimensions indicated are H = 2.00 cm and W = 3.00 cm. The light passes...

Q:

Amanda has 30 years to save for her retirement. At the beginning of each year, she puts $5000 into her retirement account. At any point in time, all of Amandas retirement funds are tied up in the...

Q:

In the cash balance model from Example 16.5, the timing is such that some receipts are delayed by one or two months, and the payments for materials and labor must be made a month in advance. Change...

Q:

Explain two benefits that might arise from the existence of brand names.

Q:

If the null hypothesis is rejected in ANOVA, the ______test should be used when sample sizes are equal.

Q:

When three or more means are compared, you use the______ technique.

Q:

For Exercises do a complete one-way ANOVA. If the null hypothesis is rejected, use either the Scheff or Tukey test to see if there is a significant difference in the pairs of means. Assume all...

Q:

1 1 . At a rate of 1 0 . 0 % , what is the future value of the following cash flow stream? Years: 0 1 2 3 4 CFs: $ 0 $ 7 5 $ 2 2 5 $ 0 $ 3 0 0 a . $ 5 4 4 b . $ 8 2 0 c . $ 6 7 2 d . $ 7 4 6 e . $ 7...

Q:

Question 13 2 pts Age was a question asked on a survey that students filled out for a statistics class. Let m represent the age of a randomly selected male from our class. The probability...

Q:

An insurance company is offering a new policy to its customers. Typically the policy is bought by a parent or grandparent for a child at the childs birth. The details of the policy are as follows:...