Which of the Following Measures of Dispersion Are Based on Deviations

question 50

Multiple Choice

Which of the following measures of dispersion are based on deviations from the mean?

• A) Variance
• B) Standard deviation
• C) Mean deviation
• D) Mean deviation, standard deviation, and variance

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Definitions:

Net Income

Represents the total profit of a company after all expenses and taxes have been subtracted from total revenue.

Insurance Policy

A contract between an insurer and a policyholder stipulating the terms under which the insurer agrees to compensate the insured for specific losses.

Adjusting Entry

An accounting entry made into a journal at the end of an accounting period to allocate income and expenditure to the period in which they actually occurred.

Property Tax

A tax assessed on real estate by the local government and based on the property's value.