Explain how it can be misleading to report only the mean of a distribution without any
measure of the variability.
What will be an ideal response?
When comparing means from two different distributions, the difference between them may be insignificant if the
variability in one or both of the distributions is large.
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Your great aunt Mary passed away and left you an inheritance of $5,000. Since you don't have a need for the money in the near future, which of the following would be the best place to put the $5,000?
A) A savings account earning 1% interest B) A checking account C) A five-year CD paying 4.38% annually D) High-risk stock in a producer of natural gas that is predicted to triple in the next year
The First Amendment does not provide absolute defense for the news media against defamation charges
Indicate whether the statement is true or false