Which of the Following Eliminates the Drawback of Having the Measure

question 39

Multiple Choice

Which of the following eliminates the drawback of having the measure of dispersion in squared units rather than in the original measurement units?

• A)standard deviation
• B)variance
• C)deviation
• D)mean

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Definitions:

Market Rate

The prevailing price or interest rate at which goods, services, or securities are traded in a free market.

Interest

The charge for borrowing money or the return on investment in savings accounts or bonds, typically expressed as a percentage.

Living Standard

The degree of prosperity, ease, physical items, and essential needs accessible to an individual, community, or social group.

Per Capita

A statistical measure that divides a total figure by the population number, providing an average per person.