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Which of the Following Statements Describes the Applicable Standard Used

question 43

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Which of the following statements describes the applicable standard used in determining the liability of a common carrier when harm befalls property that is the subject of a bailment placed in the care of the carrier?


Definitions:

Variance

A measure of the dispersion of a set of data points around their mean value, indicating how spread out the data are.

Deviations

Differences between observed values and some reference value, often the mean of the dataset.

Standard Deviation

A gauge for assessing the spread or differentiation of values within a group of data points.

Variance

A measure of the spread of a set of values, calculated as the average of the squared deviations from the mean.

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