Which of the Following Statements About Standard Deviation Is True

question 38

Multiple Choice

Which of the following statements about standard deviation is true?

• A) It accounts for the amount by which each case is similar to the mode.
• B) It predicts the impacts of findings on additional variables.
• C) It accounts for the amount by which each case differs from the mean.
• D) It predicts the difference between the first quartile and the third quartile.

---

Definitions:

Normal Retail Price

The standard selling price of a good or service in the retail market before any discounts or promotions are applied.

Computers

Electronic devices that execute specific tasks based on programmed instructions, capable of processing, storing, and retrieving data.

Break-even Price

The price level at which revenues equal costs, resulting in neither profit nor loss.

Overhead Expenses

Costs not directly tied to the production of goods or services, such as rent, utilities, and administrative salaries.