Consider the following experimental data set obtained for the density of a metal object as measured by three students in the laboratory: 6.02g/mL, 6.04g/mL, and 6.05g/mL. The actual density of the object is known to be 5.00g/mL.
1) Calculate the absolute and relative standard deviation for the above data set.
2) Determine the significance of the numerical value for the relative standard deviation calculated in the first question.