The statements given are the examples of
personification.
<span>We can say personification is a type of speech, in which we
give qualities to something. There are many reasons and situations behind using
personification. For example in a statement, “money talks”, money is a thing
but talk is a quality. We know that money can’t talk by mouth like us.</span>
<u>Measures of dispersion are often used in finance as a proxy for risk:</u>
Measures of dispersion are generally used to describe the variability in sample. The three commonly used measures of dispersion are as follows,
- Interquartile range - Difference between the and percentile (also known as the and quartile). The formula is
- Range - Difference between the largest and smallest observation. The formula is
- Standard deviation - SD is the square root of sum of squared deviation from the mean divided by the number of observations. The formula is as follows,
Appropriate usage of measures of dispersion:
Median and interquartile range is used for skewed numerical data, ordinal data or mean. When mean is utilized as a measure of central tendency or symmetric numerical data, SD is used.
Usage in finance:
In finance, the Regression analysis technique helps in explaining the dispersion of dependent variable, that is measured by its variance, with the help of one or more independent variables each of which has positive dispersion. This proves to be a proxy for risk.
Answer:
The statement is: False.
Explanation:
In a market system or market economy, the output is determined by the natural forces of the market participants, that is demand and supply. Though, each of them intervenes in the economy according to their interest. Businessmen tend to control the production resources at will to generate revenue under this type of market.