Deviation

- Difference between the expected and actual payoff

-  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:

Posted Date: 10/10/2012 8:23:41 AM | Location : United States

Ask an Expert

Related Discussions:- Deviation, Assignment Help, Ask Question on Deviation, Get Answer, Expert's Help, Deviation Discussions

Write discussion on Deviation
Your posts are moderated

Write your message here..

Related Questions

How elasticity is always referred to as a positive value, How elasticity is... How elasticity is always referred to as a positive value even though it can be negative?  In economics, elasticity is measures of the incremental percentage change in single va

What is working of world bank, Q. What is working of world Bank? An int... Q. What is working of world Bank? An international financial organization formed after World War II and based in Washington D.C. Its supposed purpose is to promote economic dev

Theory of product pricing, what is theory of product pricing? what is theory of product pricing?

Role of managerial economist, Explain the role of managerial ecnomist in ki... Explain the role of managerial ecnomist in kissan &dipsy fro ub group

OLIGOPLOLY MODELS, GIVE EXAMPLES OF EACH OLIGOPOLY MODELS FROM REAL LIFE GIVE EXAMPLES OF EACH OLIGOPOLY MODELS FROM REAL LIFE

Demand and supply, If demand goes down what happens to the equilibrium? If demand goes down what happens to the equilibrium?

Determinants of the price elasticity of demand, Determinants of the price e... Determinants of the price elasticity of demand are explained below: 1. Number of close substitutes present within the market - The more and closer substitutes available in the

Demand and supply, Dance fans switches away from Dance music to R&B music A... Dance fans switches away from Dance music to R&B music AND the price of MP3 players increases

Managerial economics, A company a product using labor (L) and raw material ... A company a product using labor (L) and raw material (R) with Q = 80L^0.2 R^0.8. If labor costs $20 per hour and raw material $40 per unit, what is the optimal combination (least c

Explain about contingent valuation, Q. Explain about Contingent valuation? ... Q. Explain about Contingent valuation? Evaluation of willingness to pay for a specified environmental resource or a change in the resource, through use of structured questionna