Range as a Risk Measure Leaves the Picture Incomplete Because

question 25

Multiple Choice

Range as a risk measure leaves the picture incomplete because:

• A)it cannot distinguish in riskiness between two distributions of situations where the possible outcomes are bounded.
• B)it does not take into account the frequency or probability of the extreme values.
• C)it measures the frequency of distribution and ignores the severity.
• D)it measures the extreme values of the distribution with the probability of its occurrence.
• E)it measures the severity of distribution and ignores the frequency.

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Definitions:

Social Learning Theory

A theory of learning and social behavior which proposes that new behaviors can be acquired by observing and imitating others.

Therapeutic Approach

A method or strategy employed in counseling or therapy to treat psychological disorders and improve mental health through specific techniques and interventions.

Clinical Psychologist

A professional in psychology who diagnoses and treats mental, emotional, and behavioral disorders through therapeutic means.

Self-Fulfillment

The achievement of one's own potential or the realization of one's personal goals and desires.