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:

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