The Range Is an Ideal Measure of Variation Since It

question 19

True/False

The range is an ideal measure of variation since it is not sensitive to extreme values in the data.

---

Definitions:

American Airlines

A major American airline headquartered in Fort Worth, Texas, known for its extensive domestic and international network.

Commission Rate

The percentage of a sale amount that is paid to the individual or entity that facilitated the sale, often used in sales jobs and real estate transactions.

Traveller's Cheques

Preprinted, fixed-amount cheques designed to allow the person signing it to make an unconditional payment to someone else as a result of having paid the issuer for that privilege.

Exchange Rate

The equivalent value of a currency when exchanged for a different one.