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Question: 13 below are the range and standard deviation for a...
Question details
13. Below are the range and standard deviation for a set of data. Use the range rule of thumb and compare it to the standard deviation listed below. Does the range rule of thumb produce an acceptable approximation? Suppose a researcher deems the approximation as acceptable if it has an error less than 15%.
The estimated standard deviation is
Is this an acceptableapproximation?
A:.No, because the error of the range rule of thumb's approximation is
greater than 15%.
B.Yes, because the error of the range rule of thumb's approximation is
less than 15%.
C. Yes, because the error of the range rule of thumb's approximation is
greater than 15%.
D:.No, because the error of the range rule of thumb's approximation is
less than 15%.
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