Is a Standard Deviation of 10 a Large Number Indicating

question 94

Multiple Choice

Is a standard deviation of 10 a large number indicating great variability,or is it small number indicating little variability? To answer this question correctly,one should look carefully at the value of the:

• A)mean.
• B)standard deviation.
• C)coefficient of variation.
• D)mean dividing by the standard deviation.

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Definitions:

Annual Profit

The total earnings a business has after subtracting all expenses over a year.

Dominant Strategy

A strategy in game theory that is best for a player, regardless of the strategies chosen by other players.

Equilibrium Outcome

The point at which market supply and demand balance each other, and, as a result, prices become stable.

Mixed Strategies Equilibrium

is a concept in game theory where each player in a game chooses a combination of actions and their associated probabilities to maximize their utility under uncertainty.