The Value of the Standard Deviation Will Always Exceed That

question 16

True/False

The value of the standard deviation will always exceed that of the variance.

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Definitions:

Labor

The human effort, including physical and mental efforts, used in the production of goods and services.

Average Total Cost Curve

A graphical representation showing a firm's total costs divided by output at various levels of production.

Output Levels

Refers to the amount of goods or services produced by a company, industry, or economy at a given time.

Rises

An increase, elevation, or improvement in position, level, or condition.