Asked by
Paulina Quiroz
on Nov 30, 2024Verified
The larger the values of the sample variance
and sample standard deviation s, the greater the variability in the data.
Sample Variance
The measure of dispersion or variability within a sample data set, quantifying the spread of its values.
Variability
The extent to which data points in a statistical distribution or set differ from each other and from the mean or average.
- Become aware of the critical importance of variability indicators (standard deviation, variance) and centrality measures (mean, median, mode) in data summarization.
- Delineate the steps for determining variance and standard deviation, and their pivotal importance in data examination.
Verified Answer
RM
Learning Objectives
- Become aware of the critical importance of variability indicators (standard deviation, variance) and centrality measures (mean, median, mode) in data summarization.
- Delineate the steps for determining variance and standard deviation, and their pivotal importance in data examination.