A probability distribution a. b. C. d. e. The variance of a probability distribution is used to measure risk because a higher variance is associated with a wider spread of values around the mean. a more compact distribution. a lower expected value. both a and b all of the above a. b. is a way of dealing with uncertainty. lists all possible outcomes and the corresponding probabilities of occurrence. shows only the most likely outcome in an uncertain situation. both a and b both a and c C. d. e.

A probability distribution a. b. C. d. e. The variance of a probability distribution is used to measure risk because a higher variance is associated with a wider spread of values around the mean. a more compact distribution. a lower expected value. both a and b all of the above a. b. is a way of dealing with uncertainty. lists all possible outcomes and the corresponding probabilities of occurrence. shows only the most likely outcome in an uncertain situation. both a and b both a and c C. d. e.

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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