Use the Range Rule of Thumb to Approximate the Standard $22,29,21,24,27,28,25,36$

question 239

Multiple Choice

Use the range rule of thumb to approximate the standard deviation.
- $22,29,21,24,27,28,25,36$

• A) \(1.65\)
• B) \(3.75\)
• C) \(2.8\)
• D) \(4.2\)

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Definitions:

Market Segments

Distinct groups of customers within a market who share similar needs, preferences, or characteristics, allowing businesses to target them with specific products or services.

Growth Stage

The phase in a business lifecycle where it experiences rapid revenue and customer base expansion.

Product Life Cycle

A concept that describes the stages a product goes through from its introduction to the market through its growth, maturity, and eventual decline.