Use the Range Rule of Thumb to Estimate the Standard

question 19

Multiple Choice

Use the range rule of thumb to estimate the standard deviation. Round results to the nearest tenth.
-A distribution of data has a maximum value of 83, a median value of 62.5, and a minimum of 42.

• A) 5.5
• B) 8.2
• C) 20.5
• D) 10.3

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Definitions:

Financing Activities

Transactions related to raising capital and repaying investors, including issuing stocks or bonds and paying dividends.

Treasury Stock

Shares that were previously issued and outstanding but have been repurchased by the issuing company, reducing shareholders' equity.

Noncash Activities

Transactions that do not involve direct cash flow, such as depreciation or stock-based compensation.

Financial Statements

Structured reports that detail the financial performance, position, and cash flows of a company, including the balance sheet, income statement, and cash flow statement.