As a Measure of Variability, What Is Defined as the Maximum

question 26

Multiple Choice

As a measure of variability, what is defined as the maximum value minus the minimum value?

• A) variance
• B) standard deviation
• C) mean
• D) range
• E) median

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Definitions:

Finished Products

Goods that have completed the manufacturing process but have not yet been sold or distributed to the end-user.

Cane Fiber

Fiber derived from the sugarcane plant, used in a variety of applications, including the production of paper and as a raw material in the textile industry.

Molasses

A thick, dark syrup produced during the refining of sugar or from the fermentation of starch, used as a sweetener or in alcohol production.

Intermediate Products

Goods that are produced by one business for use in further production processes by another business.