Standard Deviation Is a Measure of How Much a Variable

question 43

True/False

Standard deviation is a measure of how much a variable differs from its average value over time.

---

Definitions:

Proportion Increased

A measure indicating how much the ratio of a part to the whole has grown.

Average Salaries

The mean amount of payment received by employees in a particular job, industry, or region, calculated by dividing the total sum of salaries by the number of employees.

Employees

Individuals who are hired by a company or organization to perform specific duties in exchange for compensation.

Population Standard Deviations

The square root of the variance of a set of values, which quantifies how much the members of a population differ from the population mean.