What Was the Industrial Revolution, and How Did It Differ

question 37

Essay

What was the Industrial Revolution, and how did it differ from previous life in villages, towns, and cities? Why is this topic relevant to an anthropologist?

---

Definitions:

Expected Value

The anticipated value or outcome of a variable, computed as an average of all possible outcomes each weighted by its respective probability of occurrence.

Coefficient Of Variation

A statistical measure used to analyze the relative variability of data points in a dataset or the risk per unit of return; it is the ratio of the standard deviation to the mean.

Well-Diversified Portfolio

An investment portfolio consisting of a wide variety of assets to reduce exposure to risk through diversification.

Beta

A measure of a stock's volatility in relation to the overall market, indicating its risk compared to the market average.