The Information in the Table Below Describes Choices for a New

question 53

Multiple Choice

The information in the table below describes choices for a new doctor. The outcomes represent different macroeconomic environments, which the individual cannot predict.Table 5.3

-Refer to Table 5.3. In order to weigh which of the job choices is riskiest, an individual should look at:

• A) the deviation, which is the difference between the probabilities of the two outcomes.
• B) the deviation, which is the difference between the dollar amounts of the two outcomes.
• C) the average deviation, which is found by averaging the dollar amounts of the two outcomes.
• D) the standard deviation, which is the square root of the average squared deviation.
• E) the standard deviation, which is the squared average square root of the deviation.

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Definitions:

Embezzlement

The act of wrongfully appropriating funds or property entrusted to one's care.

People's Bank

A generic term for a financial institution, often state-owned, that serves the financial needs of its citizens or specific sectors of the economy.

ATM System

An Automated Teller Machine (ATM) system refers to an electronic banking outlet that allows customers to complete financial transactions without the need for a branch representative or teller.

Auto Theft

The criminal act of stealing or unlawfully taking possession of someone else's motor vehicle.