The appropriate measure of variation (spread) for these data points is "Standard deviation."
<h3>What is Standard deviation?</h3>
The standard deviation would be a statistic that calculates as the square root of the variance and measures the distribution of a set of data relative to its mean.
Some key features regarding the Standard deviation are-
- The standard deviation is determined as the square root of the variance by determining the deviation of each data point from the mean.
- In finance, standard deviation is frequently employed as an assessment of an asset's relative riskiness.
- A volatile stock does have a high standard deviation, whereas a stable blue-chip stock has a low deviation.
- The standard deviation, on the other hand, calculates those ambiguity as risk, even when it is in the investor's favor, like above-average returns.
To know more about the Standard deviation, here
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The complete question is -
What is the appropriate measure of variation (spread) for these data points?
1 6
5 4
2 3
5 4
6 5
5 7
4 6
3 5
8 6
7 9
