1-2. Consider possible biases (0.3 points) "Different industries account for significant variations in financial ratios." Is there any possible bias in this statement? A. Yes. Some similar industries have close variations in financial ratios. B. Yes. Different industries have variations in financial ratios. C. No. Some similar industries have close variations in financial ratios. D. Yes. Firms in the same industry have little variations in financial ratios. E. No. Firms in the same industry have significant variations in financial ratios.

1-2. Consider possible biases ( 0.3 points) "Different industries account for significant variations in financial ratios." Is there any possible bias in this statement? A. Yes. Some similar industries have close variations in financial ratios. B. Yes. Different industries have variations in financial ratios. C. No. Some similar industries have close variations in financial ratios. D. Yes. Firms in the same industry have little variations in financial ratios. E. No. Firms in the same industry have significant variations in financial ratios. 1-2. Consider possible biases ( 0.3 points) "Different industries account for significant variations in financial ratios." Is there any possible bias in this statement? A. Yes. Some similar industries have close variations in financial ratios. B. Yes. Different industries have variations in financial ratios. C. No. Some similar industries have close variations in financial ratios. D. Yes. Firms in the same industry have little variations in financial ratios. E. No. Firms in the same industry have significant variations in financial ratios