The Above Table Provides the Probability Distribution of Price of an Input

question 9

Multiple Choice

The above table provides the probability distribution of price of an input next year in Country A and Country B.
-Refer to the table above. Because the extent of variation in the price of the input is _______in Country B compared to Country A, it is less risky to plan to purchase the input in Country .

• A)greater; B
• B)greater; A
• C)lower; B
• D)lower; A

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Definitions:

Reliability

A measure of consistency over time or across different raters.

Standard Deviation

A statistical measure that quantifies the variation or dispersion of a set of data points.

Utility

The total satisfaction received from consuming a good or service.

Raven Progressive Matrices

A nonverbal group test typically used to measure abstract reasoning and general intelligence.