The Value of the Standard Deviation May Be Either Positive

question 20

True/False

The value of the standard deviation may be either positive or negative,while the value of the variance will always be positive.

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Definitions:

Specialized

Having expertise or focusing on a specific area of knowledge, function, or skill.

Trade

The exchange of goods and services between individuals or entities, often in different countries or economies.

Production Possibilities

The various combinations of goods and services an economy can produce given its available resources and technology.

Opportunity Cost

The price paid for not selecting the second-best choice when deciding between options.