Suppose that you are about to purchase a car and have narrowed your choices to two models --Model A and Model B. All things are about equal, such as price, options, even the average annual maintenance costs. You find an owner survey in an auto magazine that indicates that the standard deviation of maintenance costs is smaller for Model B. Based on this information, which of the following statements is most appropriate? A. Model B with the smaller standard deviation is preferable, because the smaller value implies that the mean is a more reliable representation of maintenance costs.
B. Model A with the larger standard deviation is preferable. Cecause the larger value implies a smaller amount of variation in the data
C. Neither of the models are good since both standard deviations are not equal to 0. B 2
D. They are equally acceptable, because standard deviations are not useful for comparisons of data sets.
E. Cannot determine based on the information provided.