Purchase Solution

standard deviation and its implication

Not what you're looking for?

Ask Custom Question

What does standard deviation measure? In looking at the standard deviations of the "with fireplace" and "without fireplace" selling prices, one is much larger than the other. What could cause the standard deviations to be so different?

Purchase this Solution

Solution Summary

This solution provides some conceptual explanation for standard deviation.

Solution Preview

Hi there,

Thanks for allowing me to work on your questions. Standard deviation is a measure of the dispersion of a set of data from its mean. In definition, standard ...

Purchase this Solution


Free BrainMass Quizzes
Know Your Statistical Concepts

Each question is a choice-summary multiple choice question that presents you with a statistical concept and then 4 numbered statements. You must decide which (if any) of the numbered statements is/are true as they relate to the statistical concept.

Terms and Definitions for Statistics

This quiz covers basic terms and definitions of statistics.

Measures of Central Tendency

Tests knowledge of the three main measures of central tendency, including some simple calculation questions.

Measures of Central Tendency

This quiz evaluates the students understanding of the measures of central tendency seen in statistics. This quiz is specifically designed to incorporate the measures of central tendency as they relate to psychological research.