The Variance of a Distribution of Means Is the Variance

question 3

Multiple Choice

The variance of a distribution of means is the variance of the population of individuals:

• A)multiplied by the number of individuals in each sample
• B)divided by the number of individuals in each sample
• C)squared
• D)divided by the mean of the population

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Definitions:

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A state in which all factors of production and costs are variable, leading to no economic profit for firms in perfectly competitive markets.

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