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Statistics
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Statistics for Management and Economics Study Set 1
Quiz 4: A: Numerical Descriptive Techniques
Path 4
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Question 81
True/False
The variance is more meaningful and easier to interpret compared to the standard deviation.
Question 82
True/False
Chebysheff's Theorem applies only to data sets that have a bell shaped distribution.
Question 83
Multiple Choice
Which of the following summary measures is affected most by extreme values?
Question 84
True/False
A population with 200 elements has a variance of 20.From this information,it can be shown that the population standard deviation is 10.
Question 85
Multiple Choice
The smaller the spread of scores around the mean:
Question 86
True/False
If the observations are in the millions,a standard deviation of 10 would be considered small.If the observations are all less than 50,a standard deviation of 10 would be considered large.
Question 87
True/False
If two data sets have the same standard deviation,they must have the same coefficient of variation.
Question 88
Multiple Choice
Is a standard deviation of 10 a large number indicating great variability,or is it small number indicating little variability? To answer this question correctly,one should look carefully at the value of the: