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Expert chess and average chess players look at a chess board for a few seconds and try to memorize the location of the chess pieces. Under what circumstances, if any, will the expert chess players show much better memory than the others?
Variance
A statistical measurement of the dispersion between numbers in a data set, indicating how much the numbers differ from each other and from the mean.
Squared Deviation
The squared difference between each data point and the mean, used in statistical analysis to measure variance.
Arithmetic Average Return
The sum of returns in each period divided by the number of periods, often used to calculate the average return of an investment.
Multi-year Period
An extended timeframe that spans over multiple years, often used in the context of financial planning or contracts.
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