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If a Person Scores a 70 on an Intelligence Test

question 99

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If a person scores a 70 on an intelligence test on one day and scores 110 when retested on another day, you would most likely conclude that this test is ________.


Definitions:

Standard Deviation

A measure of the amount of variation or dispersion of a set of values, often used in statistics to quantify the volatility of a financial instrument.

Probability Distribution

An analytic function detailing the entire set of potential outcomes and their probabilities for a random variable within a certain range.

Global Minimum Variance Portfolio

An investment portfolio constructed to achieve the lowest possible risk (variance), given a set of securities.

Standard Deviation

Standard Deviation is a statistical measure that quantifies the amount of variation or dispersion of a set of data values.

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