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When Is the Standard Deviation of a Data Set Smaller

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When is the standard deviation of a data set smaller than its variance? Explain.


Definitions:

Natural Resources

Natural resources are elements like minerals, forests, water, and fertile land, found in the environment and can be exploited for financial benefit.

Renewable Resources

Natural resources that can be replenished or regenerated over time, such as solar energy, wind power, and forestry products.

Industrial Revolution

A period of major industrialization from the late 18th to the early 19th century that transformed mainly agrarian, rural societies in Europe and America into industrial and urban.

Standard of Living

The level of wealth, comfort, material goods, and necessities available to a person, community, or country.

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