Summarize what you learned:
Does the Range Rule of Thumb estimate more often underestimate or overestimate the
actual standard deviation?
What is the largest percentage error?
c) Each of the data sets given above is artificially contrived.
If you were to apply the RROT
estimate to a typical real-world data set, about how accurate would you expect it to be (your
answer here should be a numerical estimate of the percentage error, based on your previous
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