Variance Is

question 50

Multiple Choice

Variance is:

• A) the average squared deviations about the mean of a distribution of values.
• B) an empirically testable statement that is an unproven supposition developed in order to explain certain phenomena.
• C) a statement that asserts the status quo; that is, any change from what has been thought to be True is due to random sampling order.
• D) a statement that is the opposite of the null hypothesis.
• E) the error made by rejecting the null hypothesis when it is True.

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Definitions:

Warning Defect

A failure in a product to adequately instruct or inform users of potential risks or hazards, rendering it dangerous.

Manufacturer

An entity or individual that produces goods or products from raw materials through the use of labor, machinery, and equipment.

Obvious Risks

Hazards or dangers that are clear and recognizable to a reasonable person without the need for explicit warning.

Strictly Liable

A legal principle where an individual or organization is held responsible for damages or injuries caused by their actions or products, regardless of fault or intent.