The numerical index that measures, on average, how far a given value is from the mean is called the range median variance standard deviation
The numerical index that measures, on average, how far a given value is from the mean is called the range median variance standard deviation
A First Course in Probability (10th Edition)
10th Edition
ISBN:9780134753119
Author:Sheldon Ross
Publisher:Sheldon Ross
Chapter1: Combinatorial Analysis
Section: Chapter Questions
Problem 1.1P: a. How many different 7-place license plates are possible if the first 2 places are for letters and...
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Transcribed Image Text:The numerical index that measures, on average, how far a given value is from the mean is called the
range
median
variance
standard deviation
Expert Solution
Step 1
Standard deviation:
The standard deviation explains how much each observation deviates from a central point represented by the mean. In general, the greater the distances between the individual observations and the mean, the greater the variability of the data set.
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