Compute the Standard Deviation of a Variable from Raw Data

question 67

Multiple Choice

Compute the Standard Deviation of a Variable from Raw Data
-Last year batting averages in professional baseball averaged 0.261 with a high of 0.333 and a low of 0.224 (minimum 250 at-bats) . Based on this information, which measure of variation could be calculated

• A) range
• B) variance
• C) standard deviation
• D) percentile

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Definitions:

Guarantor

An individual or organization that commits to taking on the debt or fulfilling the contract obligations of another party if that initial party does not uphold their responsibilities.

Subrogation

The legal process by which one party assumes the rights of another party to recover debts or damages paid on their behalf.

Surety

A surety refers to a person or entity that takes responsibility for another's performance of an undertaking, for example, guaranteeing the payment of a debt.

Prepayment

The act of repaying a loan or part of a loan before its due date, which can sometimes lead to penalties or the waiving of future interest.