In the Figure Below,what Is True About the Two Jobs

question 131

Multiple Choice

In the figure below,what is true about the two jobs?

• A)Job 1 has a lower standard deviation than Job 2.
• B)All outcomes in both jobs have the same probability of occurrence.
• C)A risk-averse person would prefer Job 2.
• D)A risk-neutral person would prefer Job 1.
• E)Job 1 has a higher expected income than Job 2.

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Definitions:

Relative Frequency Distribution

A relative frequency distribution is a type of frequency distribution that shows the proportion or percentage of observations within each category or interval.

Histogram Form

A graphical representation showing a visual impression of the distribution of data, using bars of different heights.

Frequency Histogram

A graphical representation of data that shows the number of observations within specified intervals.

Relative Frequency Histogram

A type of histogram that displays the relative frequencies, which are the proportions or percentages, of data points in consecutive intervals.