One of the Advantages of the Standard Deviation Is That

question 70

Multiple Choice

One of the advantages of the standard deviation is that it is a measure of variation that is also:

• A) Measure of variability that uses a normal or bell-shaped curve interpretation
• B) calculated as part of the frequency distribution
• C) included in the range
• D) applicable when calculating the mode and median
• E) easily calculated when preparing a percentage frequency distribution

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Definitions:

Demand Curve

A graph showing the quantity of a good that consumers are willing and able to purchase at various prices.

Imposed Price

A price that is set by an external authority rather than by market forces of supply and demand.

Consumer-friendly

Describes goods, services, or policies that are designed with the welfare or satisfaction of consumers in mind.

Real Estate Market

The market segment encompassing the buying, selling, and leasing of property including land and buildings.