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You have been given data about gas prices in 15 states.

2018 Gas Price Data

Max: $2.42

Min: $2.03

Mean: $2.098

Median: $2.06

Mode: $2.04

Variance: 0.0121

Standard Deviation: $0.1098

What does the range, standard deviation, and variance say about gas prices in 2018?

Sagot :

The range, standard deviation, and variance say about gas prices in 2018 discussed below

What is standard deviation and variance?

Variance is the average squared deviations from the mean, while standard deviation is the square root of this number.

As the variance in 2018 is 0.0121.

A model with low variance means sampled data is close to where the model predicted it would be.

As the standard deviation in 2018 is 0.1098.

Low standard deviation means data are clustered around the mean

A small range means low variability in a distribution.

Learn more about standard deviation, variance here:

https://brainly.com/question/17084031

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