Standard deviation is the maximum permissible difference between the sample statistic and the population parameter.

Question

Quizplus · Accepted Answer

Standard deviation measures the amount of variability or dispersion in a set of data. It is not a measure of the permissible difference between a sample statistic and a population parameter. The standard error of the estimator is the measure of the variability of the sample statistic.

Standard Deviation Is the Maximum Permissible Difference Between the Sample