10. Measures of Spread (Calculation and Units)

Quiz I

If we measure the variance associated with our sales in dollars for each month for 3 years, what are the units associated with the variance?
SOLUTION: Dollars Squared

Start Quiz:

Provide the value of the variance for the following dataset (at the end of the calculation, round your answer to two decimal places.)

1, 5, 10, 3, 8, 12, 4

SOLUTION: 13.55

Start Quiz:

Provide the value of the standard deviations for the following dataset (at the end of the calculation, round your answer to two decimal places.)

1, 5, 10, 3, 8, 12, 4

SOLUTION: 3.68

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