The Range Is Considered the Weakest Measure of Variability

question 161

True/False

The range is considered the weakest measure of variability.

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Definitions:

Hindsight Bias

The tendency to perceive events as having been predictable after they have already occurred.

Exaggerate

To describe something in a way that makes it seem larger, better, worse, or more important than it actually is.

Foresight

The ability to anticipate future events, needs, or problems and prepare for them.

Outcome

The result or effect of an action, situation, or event.