What is an example of when you would want consistent data and, therefore, a small standard...

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What is an example of when you would want consistent data and, therefore, a small standard...

What is an example of when you would want consistent data and, therefore, a small standard deviation?
What is an example of when you might want a large standard deviation? That is, data that is more spread out?

math Statistics-And-Probability

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What is an example of when you would want consistent data and, therefore, a small standard deviation?

Better accounting is an example of when you would want consistent data,errors to be minimal and spread is less.

Also for high quality products and for good production automatic machines needs small standard deviation.

What is an example of when you might want a large standard deviation? That is, data that is more spread out?

security prices like stock price of IBM is an example where Data is more spread out.

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What is an example of when you would want consistent data and, therefore, a small standard...

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