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.

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Definitions:

Utility Schedule

A representation that shows various quantities of a commodity or service and the utility or satisfaction derived from each.

Marginal Utility

The augmented satisfaction or value derived from the consumption of one extra unit of a product or service.

Total Utility

Measures the total satisfaction or benefit that a person derives from consuming a certain quantity of a good or service.

Utility Schedule

A table showing the different levels of utility or satisfaction derived from consuming varying amounts of a good or service.