The Variance Is Equal to

question 35

Multiple Choice

The variance is equal to

• A) the standard deviation squared
• B) the square-root of the standard deviation
• C) twice the standard deviation
• D) none of these

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Definitions:

Endowed

Provided with a large amount of a particular resource or quality, often referring to natural resources, wealth, abilities, or characteristics given to individuals or places.

Competitive Equilibrium Price

The price at which the quantity of goods demanded equals the quantity of goods supplied, in a perfectly competitive market.

Utility Function

A utility function is an economic model representing satisfaction or preference a consumer derives from consuming goods and services.

Initial Endowment

The original allocation of resources, such as wealth or goods, that an individual or entity starts with.