Which of the following measures should a company focus on to reduce variation in the product?

Question

Quizplus · Accepted Answer

The standard deviation measures the amount of variation or dispersion of a set of data values from the mean. Therefore, by focusing on reducing the standard deviation, a company can reduce the variation in the product.  The mode, mean, and median are measures of central tendency and do not directly address variation.

Which of the Following Measures Should a Company Focus on to Reduce