The Standard Deviations (In Thousands of Dollars) for Building a Small

question 18

Multiple Choice

The standard deviations (in thousands of dollars) for building a small and large complex are 535 and 976, respectively. Based on the resulting coefficients of variation (CV) , which of the following statements would be true?

• A) The CV of building a large complex is less than that of building a small complex.
• B) The CV of building a small complex is less than that of building a large complex.
• C) The risk averse action would be to build a large complex.
• D) The CV of building a large complex is less than that of building a small complex and the risk averse action would be to build a large complex.
• E) The CV of building a small complex is less than that of building a large complex and the risk averse action would be to build a large complex.

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Definitions:

Drift

The gradual change or movement of something from one position or condition to another over time, often used in environmental and social sciences.

Magnetic Resonance Imaging

A medical imaging technique that uses magnetic fields and radio waves to produce detailed images of the body's organs and tissues.

X Rays

A form of electromagnetic radiation that can pass through most objects, including the body, and is used in medical imaging to produce diagnostic images.

Electrical Impulses

The rapid movements of ions across nerve cell membranes which facilitate communication within the nervous system.