Which of the Following Statements Is Correct

question 66

Multiple Choice

Which of the following statements is correct?

• A) The mean is a measure of the deviation in a data set.
• B) The standard deviation is a measure of dispersion.
• C) The range is a measure of central tendency.
• D) The median is a measure of dispersion.
• E) The variance is a measure of central tendency.

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Definitions:

Settlor

The person who creates a trust by transferring assets into the trust for the benefit of the trust's beneficiaries.

Joint Bank Account

A bank account held by two or more individuals, where each account holder has equal access and rights to the funds.

Remaindermen

Individuals who have a future interest in property after the end of a life estate or other particular interest.

Income Beneficiaries

Individuals or entities entitled to receive income generated from a trust, estate, or other financial product.