Deviation, Microeconomics

Assignment Help:

Deviation

- Difference between the expected and actual payoff

2006_deviation.png

-  Adjusting for the negative numbers

-  The standard deviation measures square root of average of squares of the deviations of the payoffs associated with every outcome from their expected value.

- The standard deviation can be given by:

776_deviation1.png


Related Discussions:- Deviation

Random sampling, Random sampling is a technique for sampling which we can s...

Random sampling is a technique for sampling which we can select a group of subjects or a sample for study from a larger group or a population. Each entity individually is chosen en

Define direct marketing, Direct Marketing This is a marketing tool des...

Direct Marketing This is a marketing tool designed to elicit instant action from the customer through direct contact.

Product markets and production, Product Markets: Markets where produced ser...

Product Markets: Markets where produced services and goods are bought and sold (distinguished from markets for factors of production). Production: Process by which human labour

Managerial Economics, What does economic theory contribute to managerial ec...

What does economic theory contribute to managerial economics? Explain

Coefficient of price elasticity, A local airline charges $500 to fly (round...

A local airline charges $500 to fly (round-trip) to Louisville, Kentucky. From the past three months, whereas the $500 fare has been in effect every of the two daily flights have a

What do you meant by monetary targeting, Q. What do you meant by Monetary T...

Q. What do you meant by Monetary Targeting? Monetary Targeting: A policy which attempts to directly limit the growth in total supply of money in the economy. It was main policy

A consumer sensitivity to interest rates, Interest rate sensitivity can als...

Interest rate sensitivity can also be understood from another perspective.  The total cost of a commodity is not just its price, but also what must be paid to borrow money to purch

Consumer surplus, Two consumers John and grayson like to transfer songs to ...

Two consumers John and grayson like to transfer songs to their phones from jose phone the table represents their willingness to pay and jose willingness to accept for each download

Write Your Message!

Captcha
Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd