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Questions and Answers
What is the formula for calculating the range of a dataset?
What is the formula for calculating the range of a dataset?
- Standard Deviation / Sample Standard Deviation
- Mean - Median
- Variance + Standard Deviation
- Largest value - Smallest value (correct)
Which statistical measure represents the average deviation of each data point from the mean?
Which statistical measure represents the average deviation of each data point from the mean?
- Variance
- Median
- Range
- Standard Deviation (correct)
What is the formula for sample standard deviation?
What is the formula for sample standard deviation?
- (Sum of (Data Point - Mean)^2) / (n - 1) (correct)
- (Mean - Median) / Variance
- (Standard Deviation + Variance) / Range
- (Largest value - Smallest value) / Mean
How is the median of a dataset defined?
How is the median of a dataset defined?
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In calculating skewness, what does a positive value indicate?
In calculating skewness, what does a positive value indicate?
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Why is it important to compute standard deviation in statistics?
Why is it important to compute standard deviation in statistics?
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What does a larger range in a dataset signify?
What does a larger range in a dataset signify?
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