Which of the Following Statements About Variance Is Most Accurate

question 111

Multiple Choice

Which of the following statements about variance is most accurate? Variance:

• A)is the square root of the standard deviation.
• B)can be a positive number or a negative number.
• C)is denominated in the same units as the original data.
• D)is the average of the squared deviations from the mean.

---

Definitions:

Out-of-Pocket Expenses

Direct payments made by individuals for goods or services without third-party assistance, such as insurance.

Producer Surplus

The difference between the amount a producer is willing to accept for a good or service and the actual amount received, reflecting the benefit to producers.

Supply Curve

A diagram indicating the correlation between the cost of a product and the volume of its supply.

Opportunity Cost

The cost of forgoing the next best alternative when making a decision or choosing to invest in one option over another.