Bennie Waller wallerbd@longwood.edu 434-395-2046 Longwood University 201 High Street Farmville, VA 23901
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Bennie Waller wallerbd@longwood.edu 434-395-2046 Longwood University 201 High Street Farmville, VA 23901. KIDS 1 2 3 3 4 5. MEAN MEDIAN MODE. Most widely used measure of dispersion is variance and standard deviation.
Bennie Waller wallerbd@longwood.edu 434-395-2046 Longwood University 201 High Street Farmville, VA 23901
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Bennie Waller wallerbd@longwood.edu 434-395-2046 Longwood University201 High StreetFarmville, VA 23901
KIDS 1 2 3 3 4 5 MEAN MEDIAN MODE
Most widely used measure of dispersion is variance and standard deviation. Standard deviation measure the dispersion or volatility around a benchmark (mean or average)
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Consider an example of Pizza deliveries where the mean is 30 minutes with a standard deviation of 5 minutes. Using your knowledge of the empirical rule, what is the likelihood of a pizza arriving in; <30 minutes?
Consider an example of Pizza deliveries where the mean is 30 minutes with a standard deviation of 5 minutes. Using your knowledge of the empirical rule, what is the likelihood of a pizza arriving in; <20 minutes?
Consider an example of Pizza deliveries where the mean is 30 minutes with a standard deviation of 5 minutes. Using your knowledge of the empirical rule, what is the likelihood of a pizza arriving in; >35 minutes?