Variance Is

question 47

Multiple Choice

Variance is

• A)a measure of the average, or central value of a random variable
• B)a measure of the dispersion of a random variable
• C)the square root of the standard deviation
• D)the sum of the squared deviation of data elements from the mean

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Definitions:

Strategic

Pertaining to the identification of long-term or overall aims and interests and the means of achieving them, often used in the context of planning and management.

Outsourced

Refers to having contracted a third-party organization to handle certain business functions or services outside the company.

Predictable

Having a nature or behavior that can be anticipated or expected based on certain indications or patterns.

Fully Or Partly Automated

Systems or processes that are operated either entirely or partially by machines or software to reduce human intervention.