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Which of the Following Statements About the Data Presented in Table

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Which of the following statements about the data presented in Table 2.1 "Population by Region for the 13 North American Colonies (in Thousands) is accurate?


Definitions:

Variance

The average of the squared differences from the Mean, providing a measure of how spread out a data set is.

Expected Value

The weighted average of all possible values that a random variable can take on, weighted by the probabilities of those values.

Payoffs

The outcomes or returns of a decision or action, often expressed in terms of profit or loss.

Risky Undertaking

An action or venture involving a high degree of uncertainty and potential for loss or failure.

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