An Actual-To-Ideal Ratio of Standard Deviations of Winning Percentages of 5

question 16

Multiple Choice

An actual-to-ideal ratio of standard deviations of winning percentages of 5 in a league means:

• A) The standard deviation of winning percentages is 1/5 (20%) more than it would be in a world with absolutely balanced teams.
• B) The standard deviation of winning percentages is 5 times more than it would be in a world with absolutely balanced teams.
• C) The standard deviation of winning percentages in this league represents perfect competitive balance.
• D) There is not enough information to determine.

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Definitions:

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Unused Net Operating Losses

Tax deductions that occur when a company's allowable tax deductions are greater than its taxable income within a tax period, which can be carried over to reduce taxable income in future years.

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