Variance Is

question 34

Multiple Choice

Variance is

• A)a measure of the average,or central value of a random variable
• B)a measure of the dispersion of a random variable
• C)the square root of the standard deviation
• D)the sum of the deviation of data elements from the mean

---

Definitions:

Credit Periods

The time frame allowed by a seller for a buyer to pay for goods or services received, without incurring interest or penalties.

High-demand Products

Products that are in large demand by consumers, often leading to quick sales and potentially higher prices.

Credit Periods

The time allowed by a seller to the buyer for the payment of an invoice or bill, typically expressed in days.

Expensive Products

Products that are priced high relative to their perceived value or compared to similar products in the market.