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Using the Data Set Shown, What Are the Correct Variance

question 18

Multiple Choice

Using the data set shown, what are the correct variance and interquartile range values for this data set?
Data set: 3, 4, 5, 5, 8, 9, 11, 11


Definitions:

Expenses

Costs incurred in the undertaking of a business or the execution of a task.

Gross Returns

Total revenue generated by an investment before any deductions for expenses or taxes.

Non-Profit Charity

An organization dedicated to furthering a particular social cause or advocating for a shared point of view, without profit as its primary motive.

Commission

A fee or percentage of a transaction paid to an agent for facilitating or conducting a sale or service.

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