Question

S the standard deviation of the sample a good estimate of the variation of salaries of tv personalities in​ general?

Answer 1

The answer is No because the sample is not representative of the whole population. The standard deviation of the sample is not a good estimate of the variation of the salaries of the TV personalities in general because a single sample is not counted as a whole. Standard Deviation is a quantity that is calculated to indicate the extent of deviation of the population or group as a whole. Standard deviation also represented by the symbol σ means sigma in Greek letter or s in Latin letter. It is also the measurement of a set of data values that are used to quantify the amount of variation.