Examlex
SAS was used to compare the high school dropout rates for the 30 school districts in one city in 2010 and 2012.The box plots generated for these dropout rates are shown below.Compare the center of the distributions and the variation of the distributions for the two years.
Risk-averse
The preference to avoid risks, favoring safer outcomes over potentially higher but uncertain returns.
Probability
The likelihood or chance of an event occurring.
Expected Utility
A theory in economics that explains how people make decisions under uncertainty, based on the anticipated satisfaction or utility from outcomes.
Risk-averse
A description of an individual or entity that prefers to avoid risk, often opting for the less risky of available options.
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