A Rule of Thumb for Estimating the Standard Deviation of a Population

question 73

True/False

A rule of thumb for estimating the standard deviation of a population is to use 1/6 of the range of responses in a sample.

---

Definitions:

Economic Factor

Any factor that relates to the economy and has an influence on financial matters, such as employment rates, inflation, or consumer spending patterns.

Extra Supports

Methods or resources provided to individuals or groups to help them overcome challenges and succeed.

Community

A group of people living in the same place or having a particular characteristic in common, often sharing a sense of belonging or mutual support.

Motivated

Having a strong desire or willingness to do something or achieve a particular goal.