Examlex
Why is the range often the LEAST useful measure of central tendency?
Risk-Averse Investor
An investor who prefers lower returns with known risks rather than higher returns with unknown risks.
Slope of the Budget Line
The rate at which one good can be traded for another, reflecting the relative prices of two goods.
Standard Deviation
An indicator that calculates how much a group of figures deviates or scatters from each other.
Risky Asset
An asset that carries a significant degree of risk of losing value, but also offers the potential for higher returns as compared to safer investments.
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