Which of the Following Describes Standard Deviation

question 34

Multiple Choice

Which of the following describes standard deviation?

• A) It is the average of the greatest and least values in the data set.
• B) It is the square root of the variance.
• C) It is the difference between the first and third quartiles of a data set.
• D) It is the average of the squared deviations of the observations from the mean.

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Definitions:

Balance Of Payments

A document detailing every financial transaction between a country's inhabitants and international entities within a specific timeframe.

Central Banks

Primary financial institutions responsible for the oversight and management of a country's currency, money supply, and interest rates, aiming to stabilize the economy.

International Trade

The exchange of goods, services, and capital between countries, driven by comparative advantages and economies of scale.

Financial Account

A component of the balance of payments that records transactions involving financial assets and liabilities between residents of a country and non-residents.