Around the end-of-year holidays, such as Thanksgiving, a great amount of meat is purchased.To be prepared for the increased demand, a local grocery store manager wants to know the typical amount of ham sold at medium-sized stores around Thanksgiving.But even more than that, he wants to know how sales tend to vary around that typical amount because he wants to be prepared to sell as many hams as possible.His interest in how much sales vary will require a measure of:
A) central tendency.
B) variability.
C) parameters.
D) statistics.

Question

Quizplus · Accepted Answer

The manager's interest in how much sales vary requires a measure of variability, which is the spread or dispersion of the data. The other options (central tendency, parameters, and statistics) do not focus on the variation of the data, but rather on the center or characteristics of the data.

Around the End-Of-Year Holidays, Such as Thanksgiving, a Great Amount