Variance Is a Measure of ________ and the Lower the Variance

question 8

Multiple Choice

Variance is a measure of ________ and the lower the variance, ________.

• A)expected profit; the lower the profit
• B)risk; the lower the risk
• C)standard deviation; lower the standard deviation
• D)risk; the greater the risk

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Definitions:

Politics Knowledge

The awareness and understanding one possesses about political systems, theories, practices, and current political affairs.

Questionnaire

A set of questions to which respondents reply.

Respondents

Individuals who answer questions or provide data in the context of surveys, questionnaires, or research studies.

Randomly Generating

Randomly generating involves creating or selecting entities such as numbers, samples, or data points in a manner that ensures each has an equal chance of being chosen, removing bias.