Which Measure of Variability Is Easiest to Calculate

question 39

Multiple Choice

Which measure of variability is easiest to calculate?

• A)standard deviation
• B)mode
• C)range
• D)variance

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Definitions:

Insurable Interest

A financial or economic stake in the life or property insured, allowing an individual or entity to purchase insurance on the item or person.

Property

An area or thing owned by someone, which includes tangible assets like real estate and personal property, as well as intangible rights.

Insured

A person or entity covered under an insurance policy, providing protection against specified risks or losses.

Indemnify

To compensate for harm or loss, or to provide a security against any financial burden that might arise.