Which of the Following Statements Is True

question 37

Multiple Choice

Which of the following statements is true?

• A)The mean is a measure of the deviation in a data set.
• B)The standard deviation is a measure of variability.
• C)The range is a measure of central location.
• D)The median is a measure of variability.

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Definitions:

Coinsurance Clause

A provision in an insurance policy that requires the policyholder to bear a portion of the loss in proportion to the coverage amount, encouraging them to insure the property to its full value.

Fire Damage

The destruction or harm caused to property, structures, or objects by fire.

Insurance Company

An entity that provides financial protection and compensation for losses or damages in exchange for payment of premiums.

Coinsurance Coverage

A type of insurance in which the insured pays a share of the payment made against a claim.