The numerical index that measures, on average, how far a given value is from the mean is called the range median variance standard deviation

A First Course in Probability (10th Edition)
10th Edition
ISBN:9780134753119
Author:Sheldon Ross
Publisher:Sheldon Ross
Chapter1: Combinatorial Analysis
Section: Chapter Questions
Problem 1.1P: a. How many different 7-place license plates are possible if the first 2 places are for letters and...
icon
Related questions
Topic Video
Question
Please in Details
The numerical index that measures, on average, how far a given value is from the mean is called the
range
median
variance
standard deviation
Transcribed Image Text:The numerical index that measures, on average, how far a given value is from the mean is called the range median variance standard deviation
Expert Solution
Step 1

Standard deviation:

The standard deviation explains how much each observation deviates from a central point represented by the mean. In general, the greater the distances between the individual observations and the mean, the greater the variability of the data set.

steps

Step by step

Solved in 2 steps with 1 images

Blurred answer
Knowledge Booster
Research Design Formulation
Learn more about
Need a deep-dive on the concept behind this application? Look no further. Learn more about this topic, probability and related others by exploring similar questions and additional content below.
Recommended textbooks for you
A First Course in Probability (10th Edition)
A First Course in Probability (10th Edition)
Probability
ISBN:
9780134753119
Author:
Sheldon Ross
Publisher:
PEARSON
A First Course in Probability
A First Course in Probability
Probability
ISBN:
9780321794772
Author:
Sheldon Ross
Publisher:
PEARSON