The estimated standard deviation is (Round to three decimal places as needed.) Is this an acceptable approximation? O A. Yes, because the error of the range rule of thumb's approximation is greater than 15%. O B. Yes, because the error of the range rule of thumb's approximation is less than 15%. O C. No, because the error of the range rule of thumb's approximation is greater than 15%. O D. No, because the error of the range rule of thumb's approximation is less than 15%.

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find the estimsated standard deviation

Below are the range and standard deviation for a set of data. Use the range rule of thumb and compare it to the standard deviation listed below. Does the range rule of thumb produce an acceptable approximation? Suppose a
researcher deems the approximation as acceptable if it has an error less than 15%.
Range = 2.72
Standard Deviation = 0.854
The estimated standard deviation is
(Round to three decimal places as needed.)
Is this an acceptable approximation?
O A. Yes, because the error of the range rule of thumb's approximation is greater than 15%.
O B. Yes, because the error of the range rule of thumb's approximation is less than 15%.
O C. No, because the error of the range rule of thumb's approximation is greater than 15%.
O D. No, because the error of the range rule of thumb's approximation is less than 15%.
Transcribed Image Text:Below are the range and standard deviation for a set of data. Use the range rule of thumb and compare it to the standard deviation listed below. Does the range rule of thumb produce an acceptable approximation? Suppose a researcher deems the approximation as acceptable if it has an error less than 15%. Range = 2.72 Standard Deviation = 0.854 The estimated standard deviation is (Round to three decimal places as needed.) Is this an acceptable approximation? O A. Yes, because the error of the range rule of thumb's approximation is greater than 15%. O B. Yes, because the error of the range rule of thumb's approximation is less than 15%. O C. No, because the error of the range rule of thumb's approximation is greater than 15%. O D. No, because the error of the range rule of thumb's approximation is less than 15%.
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