If the Standard Deviation of the Population Is Not Known,______

question 89

Multiple Choice

If the standard deviation of the population is not known,______ as a measure of dispersion.

• A)we can take an educated guess
• B)we can use the range value (the difference between the maximum and minimum values)
• C)we can use the variance
• D)we can use the mean plus or minus three standard deviations

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Definitions:

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The direct costs attributed to the production of goods sold by a company, including materials and labor.

Expensive Financing

Funding options for companies or individuals that come with high costs, often due to high interest rates or fees.

Credit Periods

The time frame allowed by a seller for a buyer to pay for goods or services received, usually measured in days.

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Retail outlets that specialize in selling parts and accessories for automobiles, trucks, and other vehicles.