The Measure of Dispersion That Is Influenced Most by Extreme

question 34

Multiple Choice

The measure of dispersion that is influenced most by extreme values is

• A)the variance
• B)the standard deviation
• C)the range
• D)the interquartile range

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Definitions:

Economic Value

The assessment of value that a good or service offers to an economic entity.

Operating Cost

Expenses associated with the day-to-day operations of a business, including costs for materials, labor, and overhead.

Useful Life

The estimated period over which a fixed asset is expected to be usable for the purpose it was acquired.

Economic Value

Economic value refers to the worth of a good or service determined by its utility and ability to meet the demand of those willing to pay for it.