What Is a Disadvantage of the Range as a Measure

question 34

Multiple Choice

What is a disadvantage of the range as a measure of dispersion?

• A) Based on only two observations
• B) Can be distorted by a large mean
• C) Not in the same units as the original data
• D) Has no disadvantage

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Definitions:

Market Segmentation

The process of dividing the market into groups of customers with different needs, wants, or characteristics—who therefore might appreciate products or services geared especially for them.

Customers

Individuals or entities that purchase goods or services from a business.

Needs

Basic or essential requirements that individuals or groups seek to fulfill, driving motivation and behavior.

Strategic Plan

A long-term, forward-looking approach with overarching goals and objectives which guides the overall direction of an organization or business.