Why is the standard deviation sometimes preferred to the variance as a measure of dispersion, even though

Question:

Why is the standard deviation sometimes preferred to the variance as a measure of dispersion, even though they measure the same thing?

Fantastic news! We've Found the answer you've been seeking!

Step by Step Answer:

Related Book For book-img-for-question

Statistics For Business And Financial Economics

ISBN: 9781461458975

3rd Edition

Authors: Cheng Few Lee , John C Lee , Alice C Lee

See More Books

Question Posted: Feb 10, 2024 08:34 AM

See More Questions

One disadvantage of the standard deviation as a measure of dispersion is that it is a measure of absolute variability and not of relative variability. Sometimes we may need to compare the variability...
Planning is one of the most important management functions in any business. A front office managers first step in planning should involve determine the departments goals. Planning also includes...
Bella sells vacuums and shampooers. The vacuums each sell for $60 with variable costs of $20, and the shampooers each sell for $100 with variable costs of $60. Thefixed costs for the store are...
Why is the number of equivalent units for materials only sometimes equal to the equivalent units for conversion?
The Beakins Company manufactures advertising banners made of weather-resistant nylon. The direct labor standard for a banner allows 1.5 direct labor hours at a standard rate of $10 per direct labor...
Consider the model of a firm that produces final goods using R&D and components as inputs, with cost data as follows: Components: Total costs of production = PC QC = 200 Earnings of high-skilled...
Casino winnings. What is a secret, at least to naive gamblers, is that in the real world a casino does much better than expected values suggest. In fact, casinos keep a bit over 20% of the money...
Assume Adams had used his personal funds to finance his gaming activities in the Caesars casino. Under those circumstances, would he have violated any ethical or professional standards? Again, defend...
Scott Co acquired 70% of Gregg Co. for $525,000 on December 31, 2019 when Gregg's book value was $580,000. The Gregg stock was not actively traded. On the date of acquisition, Gregg had equipment...
In finance, we generally use a measure of dispersion such as the variance to measure the risk of a stocks returns. Explain why the variance may not, however, be the best measure of risk of a stocks...
Suppose you are a market researcher and have been asked to assess the popularity of four brands of coffee. Should you construct your test on the basis of the mean, median, or mode?
All things considered, do you think people from diverse cultures are more alike or more different? Explain the reasons for your answer?
Question A4 (12 marks) Comfort Dance Corporation (CDC) is a major distributor of dance shoes. All sales are on terms 2/10, n/30. CDC uses a perpetual inventory system. The March opening balance in...
7 A car rental company is interested in improving the customer experience. A data professional fixes typos and inaccuracies from a dataset containing feedback and ratings. They also verify and share...
CM could not believe that his company, which had once had the reputation as an industry leader in a local niche furniture market with an exciting future, could be facing bankruptcy. He wondered how...
A page of level book is reproduced on the following page in which some readings marked as (), are missing. Complete the page with all arithmetic checks. Station B.S. I.S. F.S. Rise Fall RL. Remarks...
Write a C++ program that includes the following function: .a boolean function with the name of "evenorodd" that tests a number to see whether it is even or odd your program should do the folowing in...
When do conversations involving sales representatives from competing firms constitute illegal horizontal price-fixing?
Cable Corporation is 60% owned by Anna and 40% owned by Jim, who are unrelated. It has noncash assets, which it sells to an unrelated purchaser for $100,000 in cash and $900,000 in installment...
Recall that the file contains information on the quantitative variables, size (number of carats) and price (in dollars), and on the qualitative variables, color (D, E, F, G, H. and I), clarity (IF....
A study was conducted to investigate the effect of prompting in a walking program instituted at a large corporation (Health Psychology, Mar. 1995). Five groups of walkers-27 in each group-agreed to...
A study was conducted to investigate the effect of prompting in a walking program instituted at a large corporation (Health Psychology, Mar. 1995). Five groups of walkers-27 in each group-agreed to...
Yard Professionals Incorporated experienced the following events in Year 1, its first year of operation: Performed services for $31,000 cash. Purchased $7,800 of supplies on account. A physical count...
This question is from case # 24 of book Gapenski's Cases in Healthcare Finance, Sixth Edition Select five financial and five operating Key Performance Indicators (KPIs) to be presented at future...
assume that we have only two following risk assets (stock 1&2) in the market. stock 1 - E(r) = 20%, std 20% stock 2- E(r) = 10%, std 20% the correlation coefficient between stock 1 and 2 is 0. and...

Why is the standard deviation sometimes preferred to the variance as a measure of dispersion, even though

Question:

Step by Step Answer:

Standard deviation and variance are both statistical measures used to describe the spread of data po...View the full answer

Statistics For Business And Financial Economics

Students also viewed these Business questions