Since the standard deviation of a set of data requires more effort to compute than the range

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Since the standard deviation of a set of data requires more effort to compute than the range does, what advantages does the standard deviation have when discussing the spread in a set of data?

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Business Statistics A Decision Making Approach

ISBN: 9780133021844

9th Edition

Authors: David F. Groebner, Patrick W. Shannon, Phillip C. Fry

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Question Posted: Sep 21, 2024 06:03 AM

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Since the standard deviation of a set of data requires more effort to compute than the range does, what advantages does the standard deviation have when discussing the spread in a set of data?
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Since the standard deviation of a set of data requires more effort to compute than the range

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The standarddeviation uses all values in the data set whi...View the full answer

Business Statistics A Decision Making Approach

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