A frequency distribution, which is completely defined by its average (mean)and variance or standard deviation, is referred to as a(n):
A)normal distribution.
B)variance distribution.
C)expected rate of return.
D)average geometric return.
E)average arithmetic return.

Question

Quizplus · Accepted Answer

A normal distribution is completely defined by its mean and variance (or standard deviation), which determine its center (mean) and spread (variance/standard deviation) respectively.

A Frequency Distribution, Which Is Completely Defined by Its Average