Asked by Lauren Hammons on Jun 26, 2024
Verified
Explain minimum, maximum, range, variance, and standard deviation.
Variance
A measure of the dispersion of a set of data points around their mean, indicating how widely the data values are spread out.
Minimum
The smallest or least amount allowable or possible in a given set of circumstances.
Maximum
The largest value in a given set of numbers or data points.
- Familiarize yourself with the notions of dispersion measures such as range, variance, and standard deviation, and understand their application in data variability description.
- Acquire insight into the significance of variance and standard deviation in assessing data spread.
Verified Answer
MF
Michaela FarrellJun 27, 2024
Final Answer :
Maximum is the highest value. Minimum is the lowest value. Range is the maximum value minus the minimum value. Variance and standard deviation are measures of the extent to which values in a data set vary. Standard deviation is the square root of variance.
Learning Objectives
- Familiarize yourself with the notions of dispersion measures such as range, variance, and standard deviation, and understand their application in data variability description.
- Acquire insight into the significance of variance and standard deviation in assessing data spread.
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