The Variance Is the

question 95

Multiple Choice

The variance is the

• A)average of the deviations from the mean divided by N.
• B)average of the squared deviations from the mean.
• C)sum of the deviations from the mean divided by N.
• D)sum of the squared deviations from the mean.

Explain the role of external factors such as natural disasters on markets.

Analyze the effect of competition on market operations and services.

Understand how supply and demand affect market equilibrium, prices, and quantities.

Analyze the impact of external shocks on market supply and demand.

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