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Below are the range and standard deviation for a set of data. Use the range rule of thumb and compare it to the standard deviation listed below. Does the range rule of thumb produce an acceptable approximation? Suppose a researcher deems the approximation as acceptable if it has an error less than 15%. Range 2.92 Standard Deviation = 0.738 The estimated standard deviation is Round to three decimal places as needed.) Is this an acceptable approximation? A. O B. ° C. O D. No, because the error of the range rule of thumb's approximation is less than 15%. No, because the error of the range rule of thumb's approximation is greater than 15%. Yes, because the error of the range rule of thumb's approximation is greater than 15%. Yes, because the error of the range rule of thumb's approximation is less than 15%.
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