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Without Some Correction,sample Variability Is Said to Be "Biased

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Essay

Without some correction,sample variability is said to be "biased." Define the term biased,and explain how this bias is corrected in the formula for sample variance.​


Definitions:

Futures Position

Is the contractual agreement to buy or sell a particular commodity or financial instrument at a predetermined price at a specified time in the future.

Interest Rate Futures

Futures contracts based on an interest-bearing instrument, used to hedge against or speculate on interest rate movements.

Treasury Bonds

Long-term government bonds with maturity periods typically exceeding ten years, offering periodic interest payments.

Eurodollars

Dollar-denominated deposits at foreign banks or foreign branches of American banks.

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