Is a Standard Deviation of 10 a Large Number Indicating

question 94

Multiple Choice

Is a standard deviation of 10 a large number indicating great variability,or is it small number indicating little variability? To answer this question correctly,one should look carefully at the value of the:

• A)mean.
• B)standard deviation.
• C)coefficient of variation.
• D)mean dividing by the standard deviation.

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Definitions:

Economy

The system by which a country's money and goods are produced, distributed, and consumed.

Boom

A period of significant economic growth, expansion, and increased productivity, often characterized by high demand, low unemployment, and rising prices.

Full Employment

An economic situation where all available labor resources are being used in the most efficient way possible, typically characterized by the absence of cyclical unemployment.

Cyclical Unemployment

Unemployment that rises during economic downturns and falls when the economy improves.