Is It Possible for the Standard Deviation of a Data

question 251

Essay

Is it possible for the standard deviation of a data set to be larger than its variance? Explain.

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Definitions:

Land Rights

Legal rights affirming the ownership or use of land by individuals, groups, or communities, often a central issue in disputes over property and sovereignty.

Economic Clout

Describes the power or influence that entities, such as countries or corporations, hold in economic terms, affecting decisions and policies through financial strength.

Consumerism

The promotion of consumer interests and the prioritization of the acquisition of goods and services in a society.

Global Trade Network

A complex and interconnected system of trade relationships, agreements, and channels that span across different countries and continents, facilitating the exchange of goods and services internationally.