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Standard deviation is the most informative measure of data variability because it quantifies the average deviation of each data point from the mean. By providing insight into the spread of data values around the mean, standard deviation helps analysts understand how clustered or dispersed the data is, which is crucial for interpreting patterns and making comparisons between datasets. Standard deviation is particularly valuable in assessing consistency and identifying outliers, making it essential in descriptive statistical analysis. The other options are incorrect because: • Option 1 (mean) is a central tendency measure, not a measure of variability. • Option 2 (median) indicates the central value but not data spread. • Option 3 (mode) is useful for frequency analysis but not for assessing variability. • Option 5 (range) provides a simple variability measure but lacks the detail of standard deviation, as it only considers extremes.
The concept of is the fundamental concept underlying all marketing activities.
Most advertising messages are made up of two types of elements. They are:
An approach whereby an organization allocates its marketing mix resources to reach its target markets is known as:
Which of the following is an example of durable goods?
Social networks are
Consumer-oriented sales promotions are:
John, the Chief Marketing Officer for Kissan, considers the controllable factors - product, price, promotion, and place - as the company's: