Variance is a measure of ________ and the lower the variance, ________.
A)expected profit; the lower the profit
B)risk; the lower the risk
C)standard deviation; lower the standard deviation
D)risk; the greater the risk

Question

Quizplus · Accepted Answer

Variance measures the dispersion of a set of data points around their mean value, and it is commonly used as a measure of risk in finance and statistics. The lower the variance, the less spread out the data is, which implies lower risk.

Variance Is a Measure of ________ and the Lower the Variance