Which of the Following Statements Is True

question 8

Multiple Choice

Which of the following statements is true?

• A)The sum of the deviations from the mean is always zero
• B)The sum of the squared deviations from the mean is always zero
• C)The range is always smaller than the variance
• D)The standard deviation is always smaller than the variance

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Definitions:

Money Supply

The aggregate financial assets at a specific time in an economy.

Price Rise

An increase in the cost of goods or services, often reflecting factors like inflation, increased production costs, or higher demand.

Real Factors

Real factors typically refer to tangible inputs and conditions affecting economic outcomes, such as resources, technology, and workforce skills, as opposed to financial inputs.

Quantity Theory

An economic theory proposing a direct relationship between the amount of money in an economy and the level of prices of goods and services.