(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:

Grey Market

The trade of goods through distribution channels that are legal but unintended by the original manufacturer.

Surging

In a business context, refers to a rapid increase or spike in demand, activity, or numbers.

Age Cohort

A group of individuals who share a similar age and, typically, have similar experiences, attitudes, and lifestyles.

Baby Boomer Market

The demographic group born between 1946 and 1964, often targeted by marketers for their significant purchasing power.