Range is the measure of dispersion which is used for the following purpose.
1. Quality control of products.
2. Studying the fluctuation in financial and share market.
A. Only 1
B. Only 2
C. Both 1 and 2
D. None of the above
Answer: Option C
Related Questions on Business Statistics and Research Methods
A. The central limit theorem
B. The law of statistical regularly
C. The law of inertia of large numbers
D. None of the above
The difference between sample statistic and its corresponding population parameter is
A. Sampling error
B. Measurement error
C. Coverage error
D. Non-response error
A. Both (A) and (R) are true
B. (A) is true, but (R) is false
C. (A) is false, but (R) is true
D. Both (A) and (R) are false

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