bus math qrb501 wk3 qu-8

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Business Math, Ch. 7

Why is the standard deviation big?

 

I think this would be an appropriate time to talk about reliability, validity, precision, and accuracy.  There are times when we can have results that are reliable, but not valid to our objectives in a study.  There are also times we can have results that are valid, but not reliable.  The "bull's eye" illustration for these topics is always one that is helpful.  Take a look at this article and share your thoughts:

 

https://www.researchgate.net/profile/David_Streiner2/publication/7230225_Precision_and_accuracy_two_terms_that_are_neither/links/00b7d51ed8c104b2d6000000.pdf

 

This particular article's assertion that accuracy & precision are not interchangeable with reliability and validity is interesting.

 

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