Which of the Following Is Not a Property of Variance

question 36

Multiple Choice

Which of the following is not a property of variance?

• A) The units of variance are the squares of the units of the original data.
• B) The value of the variance is always positive or 0.
• C) The sample variance is a biased estimator of the population variance.
• D) The value of the variance is zero only when all of the data values are the same number.

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Definitions:

Fair Value

Fair value is an estimate of the market value of an asset or liability, based on current prices in an active market or through valuation techniques.

Financial Statements

Reports that provide detailed information on a company's financial performance, including balance sheet, income statement, and cash flow statement.

Fair Value Method

An accounting approach used to assess and assign a value to assets or liabilities based on current market prices or the estimated prices of similar transactions.

Net Income

The conclusive income of a corporation post all deductions for costs and taxes from its aggregate revenue.