Which of the Following Is Correct Regarding the Coefficient of Variation

question 76

Multiple Choice

Which of the following is correct regarding the coefficient of variation?

• A)It measures the amount of standard deviation for each one percent of covariance.
• B)It measures the amount of return achieved for each one percent of risk taken.
• C)It measures the amount of risk taken for each one percent of return achieved.
• D)None of these statements are correct.

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Definitions:

Recessions

are characterized by a significant decline in economic activity spread across the economy, lasting more than a few months, visible in industrial production, employment, real income, and wholesale-retail trade.

Substitutes Goods

Products or services that can replace or be used in place of another to fulfill the same need or desire.

Complementary Goods

Products or services that are consumed together because the use of one enhances the use or value of the other.

Income Elasticity

A measure of how much the demand for a good or service changes in response to a change in consumers' income.