The Variance Can Never Be Negative

question 38

True/False

The variance can never be negative.

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Definitions:

Nonlinear Optimization Model

A mathematical model that seeks to minimize or maximize an objective function whose relationships are not linear.

Projected Revenue

An estimate of the amount of money that an organization anticipates earning over a specific period in the future.

Solver

A feature in software, such as Microsoft Excel, that performs optimization, finding the best solution to a problem given constraints.

Price/Demand Elasticity

A measure of how much the quantity demanded of a good responds to a change in the price of that good, often used to understand the sensitivity of consumers to price changes.