Provide an Appropriate Response

question 115

Essay

Provide an appropriate response.
-Without calculating the standard deviation, compare the standard deviation for the following three data sets. (Note: All data sets have a mean of 30.)Which do you expect to have the largest standard deviation and which do you expect to have the smallest standard deviation? Explain your answers in terms of the formula $$\begin{array} { l } s = \sqrt { \frac { \sum ( x - \bar { x } ) ^ { 2 } } { n - 1 } } \\30,30,30,30,30,30,30,30,30,30 \\20,25,25,30,30,30,30,35,35,40 \\20,20,20,25,25,35,35,40,40,40\end{array}$$

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Definitions:

Idiosyncratic Bundle

A unique combination of resources, capabilities, and technologies that a company possesses, distinguishing it from competitors.

Resources And Capabilities

Refers to the tangible and intangible assets a company possesses, as well as its ability to leverage these assets to achieve business objectives.

Entrepreneurial Methods

Strategies and practices used by entrepreneurs to identify, evaluate, and exploit opportunities to create new value or ventures.

Allocating Proportionate Resources

The distribution of resources, such as time, money, or materials, in a manner proportional to the needs or priorities identified.