The standard deviation and the related statistic variance are far less useful than the range.

Question

Quizplus · Accepted Answer

The standard deviation and variance provide a measure of the spread of data points around the mean, offering insights into the variability within a dataset. The range, while simple to calculate, only considers the extreme values and does not give information about the distribution of all data points, making standard deviation and variance more informative for understanding data variability.

The Standard Deviation and the Related Statistic Variance Are Far