With Respect to Standard Deviation,which of the Following Statements Is

question 60

Multiple Choice

With respect to standard deviation,which of the following statements is not correct?

• A) the total deviation is zero
• B) the average deviation is zero
• C) the value can range from negative 1 to positive 1
• D) the sum of the deviations from the mean will always be zero

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Definitions:

Federal Open Market Committee

The branch of the Federal Reserve Board that determines the direction of monetary policy, specifically by directing open market operations.

Secretary of the Treasury

A key cabinet position in the United States responsible for managing the federal finances, including producing currency, collecting taxes, and paying government bills.

Federal Reserve Board

The authority in charge of the Federal Reserve System, tasked with supervising the central bank system of the United States and establishing its monetary policy.

Federal Reserve Board

The governing body of the Federal Reserve System, responsible for setting monetary policy, including interest rates, in the United States.