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Standard deviation is the most informative measure of data variability because it quantifies the average deviation of each data point from the mean. By providing insight into the spread of data values around the mean, standard deviation helps analysts understand how clustered or dispersed the data is, which is crucial for interpreting patterns and making comparisons between datasets. Standard deviation is particularly valuable in assessing consistency and identifying outliers, making it essential in descriptive statistical analysis. The other options are incorrect because: • Option 1 (mean) is a central tendency measure, not a measure of variability. • Option 2 (median) indicates the central value but not data spread. • Option 3 (mode) is useful for frequency analysis but not for assessing variability. • Option 5 (range) provides a simple variability measure but lacks the detail of standard deviation, as it only considers extremes.
Coal India Ltd is going to invest an amount of Rs 24,750 crore in capital expenditure to build how many first-mile connectivity (FMC) projects to boost ...
The Reserve Bank of India extended the last date for KYC updation for bank accounts to _________________.
Prime Minister, Shri Narendra Modi flagged off the World’s Longest River Cruise-_________ at Varanasi.
Which satellite did the Indian Space Research Organisation (ISRO) carry during its recent commercial launch on April 22, 2023?
IOCL has made an investment of Rs 61,077 crore in building a petrochemical complex and is its largest investment so far in a single location. Where has ...
Which organisation awards the prestigious Equator Prize to recognize community efforts to reduce poverty through the conservation and sustainable use of...
What is the significance of the health research - related “ Pre - Clinical Network Facility ” inaugurated by Dr . Jitendra Singh in Faridabad, and w...
Consider the following statements aboutGoldilocks Effect:
1. Recently Finance Ministry’s growth and inflation forecasts indicate a Gold...
President of India, Droupadi Murmu inaugurate 7th International Dharma Dhamma Conference in ____________.
The spacecraft, called CAPSTONE, is about the size of a microwave oven has been launched by NASA to ?