Holding the Mean Constant, the Larger the Standard Deviation, the ____________

question 70

Multiple Choice

Holding the mean constant, the larger the standard deviation, the ____________ the gamble will be.

• A) more risky
• B) less risky
• C) higher utility
• D) None of the statements is correct.

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Definitions:

Creating

The process of bringing something new into existence or generating original ideas, objects, or productions through imaginative skill.

Process

A series of actions or steps taken to achieve a particular goal or outcome.

Measures of Variability

Quantitative indicators that describe the spread or dispersion within a dataset, including range, variance, and standard deviation.

Central Tendency

A statistical measure that identifies a single value as representative of an entire distribution of data.