(I If Two Sets of Data Are in Different Units

question 116

Multiple Choice

(i. If two sets of data are in different units, we can compare the dispersion by using coefficient of
Variation.
(ii. A study is made of the commissions paid to furniture salespersons. If the variance is computed, it
Would be measured in dollars squared.
(iii) The coefficient of skewness is a measure of relative dispersion.

• A) (i), (ii) and (iii) are all correct statements
• B) (i) and (ii) are correct statements but not (iii).
• C) (i) and (iii) are correct statements but not (ii).
• D) (ii) and (iii) are correct statements, but not (i).
• E) (i), (ii) and (iii) are all false statements.

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Definitions:

Reliance

Dependence on or trust in someone or something.

Leader

A person who influences and guides others within a group or organization towards achieving goals and objectives.

Nominal Group Technique

A structured method for group brainstorming that encourages contributions from everyone.

Compromise

Compromise is a conflict resolution strategy involving mutual concessions where all parties involved adjust their demands to reach an agreeable solution.