Use the Range Rule of Thumb to Estimate the Standard $\quad$

question 48

Multiple Choice

Use the range rule of thumb to estimate the standard deviation to the nearest tenth.
-The following is a set of data showing the water temperature in a heated tub at different time intervals. 114.5 $\quad$ 114.5 $\quad$ 116.6 $\quad$ 114.8 $\quad$ 113.6 $\quad$ 115.7 $\quad$ 112.5 $\quad$ 113.7

• A)1.3
• B)1.0
• C)0.8
• D)-55.7

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Definitions:

Transfer Prices

Prices charged for goods and services sold between divisions within the same company.

Medium Organisations

Businesses that occupy the middle ground in terms of size, resource availability, market reach, and employee count, between small and large companies.

Internal Selling Prices

Internal selling prices refer to the prices set for transactions between departments or divisions within the same company, often used for budgeting and cost allocation purposes.

Real-Time Reporting

A method of financial reporting that provides the most current information possible, without delay.