Which of the Following Statements Is True About Variance

question 55

Multiple Choice

Which of the following statements is true about variance?

• A)Variance describes how spread out a set of numbers or a value is around its mean or average.
• B)Variance is essentially the variability from the average.
• C)The larger the variance,the greater the dispersion.
• D)All of the above statements are true.

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Definitions:

Megacorporation

A large and powerful company that owns or controls production and distribution in multiple industries across the globe.

Subsidized Foreign Imports

Goods purchased from other countries that are financially supported or reduced in cost by a government.

Structural Coercion

Describes a form of compulsion where social structures limit individual choices and freedoms, often through institutional or economic pressure.

Local Markets

Physical or virtual places within a defined geographical area where goods and services are bought and sold.