The Variance of a Probability Distribution Is Based on the Sum

question 33

True/False

The variance of a probability distribution is based on the sum of squared differences from the mean multiplied by the probability of X.

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Definitions:

Inflation Rate

The speed at which the average cost of products and services increases, reducing the buying power.

Risk Averse

A tendency to prefer options that have fewer risks and more certain outcomes.

Net Earnings

The profit (or loss) of a business after all expenses have been deducted from revenues.