A data analyst has received a data set that contains actual and projected sales for the fourth quarter of 2019. Which of the following statistical methods should the analyst use to find the measure of dispersion?
B. Variance
Variance is a statistical measure of the dispersion or spread of a dataset. It quantifies how much the values in a dataset deviate from the mean. In the context of actual and projected sales for the fourth quarter of 2019, the analyst can use variance to measure the extent to which the projected sales differ from the actual sales. This measure provides insights into the variability or dispersion of the sales data, which is valuable for assessing the accuracy of the projections and understanding the potential risks or uncertainties associated with them.
upvoted 1 times
...
This section is not available anymore. Please use the main Exam Page.DA0-001 Exam Questions
Log in to ExamTopics
Sign in:
Community vote distribution
A (35%)
C (25%)
B (20%)
Other
Most Voted
A voting comment increases the vote count for the chosen answer by one.
Upvoting a comment with a selected answer will also increase the vote count towards that answer by one.
So if you see a comment that you already agree with, you can upvote it instead of posting a new comment.
Swift_and_Quick
8 months, 1 week ago