Which of the following statistical measures shows how similar or dissimilar the market rates are from each other?
A)Weighted mean
B)Mean
C)Standard deviation
D)Median

Question

Quizplus · Accepted Answer

Standard deviation measures the amount of variation or dispersion in a set of data. In the context of market rates, a high standard deviation indicates that the rates are more dissimilar from each other, while a low standard deviation indicates that the rates are more similar to each other.

Which of the Following Statistical Measures Shows How Similar or Dissimilar