Which Set Has the Largest Standard Deviation

question 34

Multiple Choice

Which set has the largest standard deviation?

• A)Set 2,because set 2 has a wider range and will have a smaller SD.
• B)Set 1,because set 1 has a narrower range and will have a larger SD.
• C)Set 1,because the minimum and maximum in set 1 are farther from the centre.
• D)Neither,because the values in set 2 are just the values in set 1 plus 45.
• E)Set 2,because the minimum and maximum in set 2 are farther from the centre.

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Definitions:

Trend Analysis

Trend analysis is the practice of collecting data and analyzing patterns over time to predict future movements, make comparisons, or identify significant changes.

Labour Demand Forecasting

The process of estimating the future demand for labor within an organization, considering predicted future business activities, economic conditions, and strategic directions.

Qualitative Approach

A research method focused on understanding concepts, thoughts, or experiences through non-numerical data, such as interviews or observations.

Demographic Trends

Patterns and changes in the characteristics of human populations, such as age, race, or gender, that can influence societal structures and markets.