Expected return and standard deviation can help you analyze investment portfolios. Learn their differences, uses, and ...
For example, suppose that the manufacturing process described in the previous example produces engines whose weights are normally distributed with a mean of 1250 and a standard deviation of 12. The ...
The following data set (WIRE) contains breaking strength measurements recorded in pounds per inch for 25 samples from a metal wire manufacturing process. The subgroup sample sizes vary between 3 and 7 ...
An animated guide explaining how the standard devition can give you a clearer picture of a sample than averages alone. An example involving zoo keepers and some very dangerous animals demonstrates ...