STA301 Statistics and Probability GDB Solution Fall Semester 2012-13

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STA301 Statistics and Probability GDB Solution Fall Semester 2012-13

Dear Students,

Graded Discussion Board for STA301 will be opened on January, 03, 2013 and will be remained open till January 04, 2013.

The topic of this GDB will be,

“It has been said “less the variability exist, the more an average is representative of a set of data”. Comment on the meaning of statement”.


[COLOR="Red"][B]Solution
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The extent to which data points in a statistical distribution or data set diverge from the average or mean value. Variability also refers to the extent to which these data points differ from each other. There are four commonly used measures of variability: range, mean, variance and standard deviation.
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