As a Measure of Variability,compared to the Range,an Advantage of the Standard

question 120

Multiple Choice

As a measure of variability,compared to the range,an advantage of the standard deviation is that it

• A)is calculated easily through the use of a formula.
• B)considers only the data values in the middle of the data array.
• C)describes the distance between the highest and lowest values.
• D)considers all data values.

---

Definitions:

Vocational School

An educational institution that provides training and skills for specific trades or careers, focusing on practical job-related skills.

Revenue Variances

The difference between actual revenue and budgeted or forecasted revenue, indicating if a business is performing above, on, or below expectations.

Spending Variances

Differences between actual spending and budgeted amounts in a company's budget, indicating over or underspending.

Departmental Managers

Individuals responsible for overseeing the operations of specific departments within an organization, ensuring goals and objectives are met.