Explain the measures of variability with examples
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Consequently, the standard deviation is the most widely used measure of variability. For example, in the pizza delivery example, a standard deviation of 5 indicates that the typical delivery time is plus or minus 5 minutes from the mean. The standard deviation is just the square root of the variance.
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Answer:
Consequently, the standard deviation is the most widely used measure of variability. For example, in the pizza delivery example, a standard deviation of 5 indicates that the typical delivery time is plus or minus 5 minutes from the mean. ... The standard deviation is just the square root of the variance.