Question: Below are the range and standard deviation for a set of data. Use the range rule of thumb and compare it to the standard deviation

Below are the range and standard deviation for a set of data. Use the range rule of thumb and compare it to the standard deviation listed below. Does the range rule of thumb produce an acceptable approximation? Suppose a researcher deems the approximation as acceptable if it has an error less than 15%.

Range = 38

Standard Deviation = 13.042

Is this an acceptable approximation?

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