💼 Pre-MBA Exam Prep

The standard deviation measures:

A The average value
B The dispersion or spread of a data set around its mean
C The median value
D The total range

✓ Correct Answer: Option B

Standard deviation: square root of variance. Measures how much individual data points deviate from the mean. Higher SD = more spread/volatility. ~68% of data within 1 SD in normal distribution.

Related Pre-MBA Exam Prep Questions