Examlex
Bob, an HR executive at Axis Inc., is moving from an operational role in the HR department to a strategic role. Which of the following best describes the change in Bob's role?
Mean
The arithmetic average of a set of numbers, calculated by adding them all together and dividing by the number of numbers.
Variance
A statistical measure of the dispersion of data points in a dataset, quantifying how far each data point lies from the mean.
Sum of Squared Deviations
The total of the squared differences between each observation and the mean of a dataset.
Standard Deviation
An indicator used to assess the degree to which data points diverge or scatter around the average value.
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