The Standard Deviation Is Always

question 11

Multiple Choice

The standard deviation is always

• A)twice as large as the variance.
• B)half as large as the variance.
• C)the square of the variance.
• D)the square root of the variance.

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Definitions:

Diminishing Marginal Product

The decrease in the output of an additional unit of input when all other inputs are held constant beyond a certain point.

Marginal Product

The additional output gained from employing one more unit of a certain input, keeping all other inputs constant.

Labor Productivity

The measure of economic performance calculated by dividing the output by the number of labor hours used to produce it.

Technological Advance

The process of developing and applying new techniques and tools to improve efficiency, productivity, or quality in various fields.