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Critical Thinking Questions Case 5-1 Your neighbor Perry is uncertain what the significance of file extensions is, and he has a bunch of files that he would like to be able to recognize by their extensions alone. You tell him that you will help him out. Perry is looking for a file that has had most of its formatting removed. Which of the following is most likely to be that file?
Sample Standard Deviation
A measure that quantifies the amount of variation or dispersion of a set of sample data values.
Variance
A measure of the spread or dispersion of a set of values, indicating how much the values differ from the mean of the set.
Risk
Exposure to uncertainty or potential financial loss; the chance that an investment's actual gains will differ from expected gains.
Consistency
A property of an estimator in statistics that indicates the ability to produce estimates closer to the true parameter value as the sample size increases.
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