Compare the following measures of dispersion: variance, standard deviation, mean absolute deviation, and range. (a) What are
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Compare the following measures of dispersion: variance, standard deviation, mean absolute deviation, and range.
(a) What are the benefits and disadvantages of each measure?
(b) Which measure is the easiest to compute? Which is the most difficult?
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a 1 Variance Benefits of Variance It takes into account all the data points and is used widely in statistical and probability theory due to its desira...View the full answer
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Related Book For
Statistics For Business And Financial Economics
ISBN: 9781461458975
3rd Edition
Authors: Cheng Few Lee , John C Lee , Alice C Lee
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