Asked by Lanie Barnhill on Jun 05, 2024
Verified
The range is considered the weakest measure of variability.
Range
The difference between the highest and lowest values in a set of data.
- Understand the key importance of dispersion benchmarks (standard deviation, variance) and median points (mean, median, mode) for data summarization.
- Ascertain relevant situations for utilizing different metrics of spread and midpoint.
Verified Answer
DG
Domenic GemmitiJun 09, 2024
Final Answer :
True
Explanation :
The range only takes into account the difference between the highest and lowest value in a data set, and does not consider the spread of values in between. Therefore, it is considered a weak measure of variability compared to other measures such as the standard deviation or interquartile range.
Learning Objectives
- Understand the key importance of dispersion benchmarks (standard deviation, variance) and median points (mean, median, mode) for data summarization.
- Ascertain relevant situations for utilizing different metrics of spread and midpoint.