(I If Two Sets of Data Are in Different Units

question 31

Multiple Choice

(i. If two sets of data are in different units, we can compare the dispersion by using coefficient of
Variation.
(ii. A sample of the homes currently offered for sale revealed that the mean asking price is $75,900,
The median $70,100 and the modal price is $67,200. The standard deviation of the distribution is
$5,900. The Pearson's coefficient of skewness is 2.95
(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:

Ownership

The legal right or title to an asset or property, including the rights to use, enjoy, and dispose of it.

Perfect Tender Rule

A legal principle in sales law that allows buyers to reject goods if they fail to conform precisely to the terms of the contract.

Slightest Defect

Refers to the minimum imperfection or fault in something that can lead to legal liability or the rejection of a product or service.

Destroy

The act of causing something to cease to exist or to become inoperative or unserviceable.