What does standard deviationmeasure? 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?
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 …
This solution provides some conceptual explanation for standard deviation.