Step 1: Write the first \(10\) multiples of \(4\).
The observations are
\[
4,8,12,16,20,24,28,32,36,40.
\]
This is an arithmetic progression with
\[
a=4,\qquad d=4,\qquad n=10.
\]
Step 2: Find the mean.
The mean of an arithmetic progression is
\[
\bar{x}=\frac{\text{first term}+\text{last term}}{2}.
\]
Hence,
\[
\bar{x}=\frac{4+40}{2}
\]
\[
\bar{x}=22.
\]
Step 3: Compute deviations from the mean.
\[
-18,-14,-10,-6,-2,2,6,10,14,18.
\]
Their squares are
\[
324,196,100,36,4,4,36,100,196,324.
\]
Therefore,
\[
\sum (x-\bar{x})^2
=
324+196+100+36+4+4+36+100+196+324
\]
\[
=1320.
\]
Step 4: Calculate the variance.
\[
\sigma^2
=
\frac{\sum (x-\bar{x})^2}{n}
=
\frac{1320}{10}
=
132.
\]
Thus,
\[
\sigma=\sqrt{132}
=
2\sqrt{33}.
\]
\[
\sigma \approx 11.49.
\]
Step 5: Final conclusion.
Therefore,
\[
\boxed{\sigma \approx 11.5}
\]
Hence, the correct option is
\[
\boxed{(3)}.
\]