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Samantha has been asked to rate the two students who have joined her class recently. One of them is extremely diligent, submits her assignments on time and makes very clear presentations, while the other one puts in just enough efforts to get a passing grade, and is often not prepared for the presentations. Samantha, who avoids extreme judgments, rates both of them as near-average students. Which of the following perceptual errors is Samantha making in her rating?
Standard Deviation
Standard Deviation is a statistical measure that quantifies the amount of variation or dispersion of a set of values; in finance, it is commonly used to gauge the volatility of an investment.
Pension Funds
Investment pools that collect and manage funds contributed by employers and employees for future retirement benefits, investing in various assets for long-term growth.
Tax Deductible
Expenses that can be subtracted from gross income to reduce taxable income, effectively lowering the overall tax liability.
Ordinary Income
Income earned from basic sources such as wages, salaries, commissions, and interest, subject to standard tax rates.
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