By taking the "best-case scenario minus the worst-case scenario" we define the potential breadth of outcomes that could arise in the uncertain situation.Which of the following provides an idea about the "worst-case" dispersion of successive surprises?
A)Confidence
B)Standard deviation
C)Range
D)Mode
E)Variance

Question

Quizplus · Accepted Answer

The range provides an idea about the "worst-case" dispersion by measuring the difference between the maximum and minimum values in a data set.

By Taking the "Best-Case Scenario Minus the Worst-Case Scenario" We