Standard deviation question : Quant Question Archive [LOCKED]
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Standard deviation question

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06 Jul 2006, 06:30
This topic is locked. If you want to discuss this question please re-post it in the respective forum.

Below is a standard deviation, DS question I recently had. Any help is greatly appreciated...

Is the range of a set greater than 1000?

1) The median of the set is 1000

2) The standard deviation is 500
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06 Jul 2006, 06:59
I would be very surprised if the answer is not (E)

I am sure it cannot be (A) and (B) and (D).

(C)? I doubt it..
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06 Jul 2006, 09:32
another one for (E)
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06 Jul 2006, 17:50
utsv wrote:
Below is a standard deviation, DS question I recently had. Any help is greatly appreciated...

Is the range of a set greater than 1000?

1) The median of the set is 1000

2) The standard deviation is 500

(E)? (1) is INSUFF and with (2) we can't say if the range =1000 or >
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06 Jul 2006, 18:54
Sounds like E to me.
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Zooroopa

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06 Jul 2006, 19:05
E aswell.
What if the question was, is the range greater then 999?
Ans would be B right? SD is 500 so min range would be 1000. Correct me if I am wrong.
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06 Jul 2006, 20:31
St1 is clearly INSUFF

One SD away form the mean covers 68.2% of the values.
Two SD away form the mean covers 95.4% of the values.

Let mean = x
Two SD away on lower side = x-1000
Two SD away on upper side = x+1000

So range will be greater than x+1000 - (x-1000) = 2000 irrespective of value of mean.
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SAID BUSINESS SCHOOL, OXFORD - MBA CLASS OF 2008

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06 Jul 2006, 20:51
ps_dahiya wrote:
St1 is clearly INSUFF

One SD away form the mean covers 68.2% of the values.
Two SD away form the mean covers 95.4% of the values.

Let mean = x
Two SD away on lower side = x-1000
Two SD away on upper side = x+1000

So range will be greater than x+1000 - (x-1000) = 2000 irrespective of value of mean.

B for me too... 2 standard deviations on either side covers 98%.. So there is still 2 more % to go..
06 Jul 2006, 20:51
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