The Value of the Standard Deviation May Be Either Positive

question 183

True/False

The value of the standard deviation may be either positive or negative, while the value of the variance will always be positive or zero.

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Definitions:

Long-Run Average Total Cost Curve

A curve that shows the lowest average cost at which a firm can produce any given level of output in the long run, when all inputs are variable.

Declining Segment

A portion of a market that is experiencing a decrease in consumer demand or sales.

Inputs

Resources used in the production process to produce goods or services, including labor, raw materials, and capital.

Output

The total amount of goods or services produced by a company, industry, or economy over a given period.