What Is the Relationship Between Variance and Standard Deviation? ​

question 15

Multiple Choice

What is the relationship between variance and standard deviation? ​

• A)Variance is the square root of standard deviation.
• B)Standard deviation is the square root of variance. ​
• C)Variance is a type of standard deviation.
• D)There is no relationship between variance and standard deviation.

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Definitions:

Average Total Cost Curve

A graphical representation showing how the average total cost of production changes as the quantity of output changes.

Long-Run Equilibrium

A state in which all factors of production and costs are variable, allowing firms to make adjustments and leading to a situation where economic profit equals zero.

Just Tangent To

A condition where two curves meet at only one point without intersecting, often used in the context of optimizing problems.

Demand Curve

A graph showing the relationship between the price of a good and the quantity of that good consumers are willing to buy at each price.