A company determines the mean and standard deviation of the employees' salaries in one year. What is the best description of the standard deviation?
Approximately the median distance between the individual salaries of employees and the mean of every employee's salary.
The amount of money separating the highest salary from the lowest salary when considering the middle 50% of the distribution.
The amount of money separating the highest salary from the lowest salary when considering all employees.
The distance between the salary of an employee and the mean salary of all the employees.
Approximately the mean distance between the individual salaries of employees and the mean of all employees' salaries.

Question

18-10-2022
Mathematics

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A company determines the mean and standard deviation of the employees' salaries in one year. What is the best description of the standard deviation?
Approximately the median distance between the individual salaries of employees and the mean of every employee's salary.
The amount of money separating the highest salary from the lowest salary when considering the middle 50% of the distribution.
The amount of money separating the highest salary from the lowest salary when considering all employees.
The distance between the salary of an employee and the mean salary of all the employees.
Approximately the mean distance between the individual salaries of employees and the mean of all employees' salaries.

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jcmacahia7 jcmacahia7 · Answer 1 · 2022-10-20T13:58:37+02:00

The best description of the standard deviation is "Approximately the mean distance between the individual salaries of employees and the mean of all employees' salaries."

Standard deviation, denoted by σ, is defined as the measure which indicates the average distance of the observations from the mean of the data set. It tells how spread out numbers are. It is equal to the square root of the variance. Variance is the average of the squared differences from the mean.

For the given problem, the standard deviation can be describe as the average(mean) distance of the individual salaries of employees from the mean of all employees' salaries.

Learn more about standard deviation here: https://brainly.com/question/475676

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