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Which Class Had the Smallest Standard Deviation

question 11

Multiple Choice

Which class had the smallest standard deviation?


Definitions:

Base Year

A specific year chosen as a standard of comparison for financial or economic data, allowing for the calculation of changes or growth over time.

Teddy Bears

Stuffed toys designed to resemble a bear, often used as comfort objects by children and collectors alike.

Consumer Price Index

A benchmark for assessing the weighted average expenses of various consumer items and services like food, healthcare, and transportation.

Substitution Bias

A bias in measuring the cost of living or inflation that arises from the substitution of relatively cheaper goods for more expensive ones by consumers.

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