Graded Discussion Board for STA301( January 04, 2013) SOLUTION

On Fri, Jan 4, 2013 at 1:50 PM, Happy Pinky <shumailhabib@gmail.com> wrote:

Graded Discussion Board for STA301 (January 04, 2013)

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".

Post your comments after inferring the above topic. Your comments should NOT exceed from 100-150 words.

Note: Discussion should be relevant. Irrelevant and unnecessary lengthy materials will not be considered.

SOLUTION:

When the data members has long distance the average is far from the data and we cannot get the accurate average, but when the data members has short distance the average will be close to the data and will be accurate. Variability also refers to the extant to which these data points differ from each other. The above statement is true.

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