-The Variance of a Probability Distribution Can Be Described As

question 47

Multiple Choice

-The variance of a probability distribution can be described as:

• A)a measure of the riskiness of a probability distribution and is calculated by finding the square root of the probability-weighted squared deviations of the possible outcomes.
• B)a measure of the riskiness of a probability distribution and is calculated by finding the probability-weighted squared deviations of the possible outcomes times two.
• C)a measure of the amplitude of a probability distribution and is calculated by finding the square root of the probability-weighted squared deviations of the possible outcomes.
• D)a measure of the riskiness of a probability distribution and is calculated by finding the probability-weighted squared deviations of the possible outcomes.

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Definitions:

Potential Profitability

The capacity of a business venture or investment to generate earnings and achieve financial success.

Under-served Markets

Markets or segments that have insufficient access to products, services, or resources, often due to economic or geographic reasons.

Choosing a Segment

involves selecting a specific part of the market to focus on, based on certain criteria like demographics or behavior.

User Persona

A semi-fictional character created by businesses to represent the different user types that might use a service, product, site, or brand in a similar way.