Range or standard deviation

Reference no: EM13319867

Matthews, Young and Associates, a Chapel Hill consulting firm, has these records indicating the number of days each of its ten staff consultants billed last year:

212 320 230 210 229 231 219 221 222

a) Without computing the value of any of these measures, which of them would you guess would give you more information about this distribution: range or standard deviation?

b) Considering the difficulty and time of computing each of the measures you reviewed in part (c), which one would you suggest is better?

(d) What will cause you to change your mind about your choice?

Reference no: EM13319867

Questions Cloud

Considering localization of HR activities : Describe the relevant factors when considering localization of HR activities. Discuss the impact and implications of Hofstede’s Cultural Dimensions on MNC’s today.

Unethical behavior in business can be reduced-budget surplus : Which of the following is not necessary for an MIS to be effective? Trading companies offer all of the following services except. Maquiladoras are possible under the Asia-Pacific Economic Cooperation. A budget surplus, when a nation spends less than ..

Explain the concept of market economy : What does the term "European Union" mean? Has the European Union been successful? What is the European Union's ultimate objective? Why has the creation of the European Union encouraged more North American and Pacific rim companies to establish operat..

What are the goals for the center of disease control : What are the goals for the Center of Disease Control?

Range or standard deviation : Matthews, Young and Associates, a Chapel Hill consulting firm, has these records indicating the number of days each of its ten staff consultants billed last year:

What is the principle of law : If you notice that you cannot find a valuable ring that been given to you by your grandmother and you assume that you lost it. Then you see another student wearing what appears to be the ring you lost

Minimize bad debt losses-small business owners : To minimize bad debt losses, small business owners should:

Common channel of distribution for consumer goods : The most common channel of distribution for consumer goods is:

Capitalize on the diversity that domestic market providers : To capitalize on the diversity that the domestic market provides, small businesses should:

User Account

All Pages