Economics JAMB

A large standard deviation is an indication of?

A. the size of the sample
B. a wide spread around the mean
C. a wide difference between the mean and the mode
D. the difference between the highest and the lowest values

Correct Answer:

Option B – a wide spread around the mean

Explanation

Standard deviation is a number used to tell how measurements for a group are spread out from the average (mean), or expected value.

A high standard deviation indicates that the data points are spread out over a large range of values.

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