Which of the Following Sample Statistics Is a Measure of Variation

question 26

Multiple Choice

Which of the following sample statistics is a measure of variation that is based only on the minimum and maximum values in a sample?

• A)Range
• B)Standard deviation
• C)Variance
• D)Interquartile range
• E)Coefficient of variation

---

Definitions:

Durable Goods

Items or products that are expected to last for several years under normal use, such as appliances and vehicles.

Nondurable Goods

Items with a short life span which are consumed or used up quickly, such as food and most consumer packaged goods.

Services

Intangible products such as healthcare, education, and financial advice that are consumed at the point of sale and do not result in ownership of any physical or digital goods.

Thorstein Veblen

An American economist and sociologist known for his theories on the socio-economic impacts of conspicuous consumption and leisure.