Which of the Following Statements Is True of the Measures

question 16

Multiple Choice

Which of the following statements is true of the measures of variability?

• A) Low variability indicates that the observations are located farther from the mean.
• B) Two data sets can have the same number of observations and the same mean, median, and mode but have different variability.
• C) Like the mean, the variance and standard deviation have the advantage of considering select observations in the data set.
• D) Compared to the standard deviation, the variance is more easily interpreted because it is stated in terms of basic units.

---

Definitions:

Strategy

A plan of action designed to achieve a long-term or overall aim.

Listening

In marketing, actively monitoring and analyzing social media and other platforms to understand public perception and gather feedback about a brand or product.

Monitoring

The process of observing and tracking certain activities, behaviors, or information to gather insights or maintain control.

KPI

Key Performance Indicator, a measurable value that demonstrates how effectively a company is achieving key business objectives.