When It Comes to Standard Deviations,if Everyone Were Basically the Same

question 64

Multiple Choice

When it comes to standard deviations,if everyone were basically the same on some characteristic or felt the same way about some topic or object,the standard deviation would be

• A)very small.
• B)difficult,if not impossible,to calculate.
• C)very large.
• D)None of these are correct.
• E)very small and difficult to calculate.

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Definitions:

Asymmetric Information

A situation where one party in a transaction has more or superior information compared to another.

Defective

Pertaining to a product or thing having flaws, faults, or imperfections.

Potential Buyers

Individuals or organizations that might be interested in purchasing a product or service.

Warranties

Guarantees issued to the purchaser of a product by its manufacturer or seller, promising repair or replacement within a certain period if necessary.