The Variance Measure of a Variable, with Values Clustered More

question 13

True/False

The variance measure of a variable, with values clustered more closely around the mean value, is larger than when the values are more widely dispersed from the mean.

---

Definitions:

Preprinted Promissory Note

A legally binding document that acknowledges debt and promises repayment, which comes in a standardized form.

Payable

Refers to an amount of money that is owed and should be paid.

Bankruptcy

A legal process by which individuals or entities who cannot repay debts to creditors may seek relief from some or all of their debts.

Discharge

The termination of an obligation, such as a contractual duty or a financial debt, usually upon the completion of the terms agreed upon.