The Yearly Prices (Rounded to the Nearest Dollar)for GLD a Gold

question 16

Essay

The Yearly Prices (rounded to the nearest dollar)for GLD a gold exchange traded fund and SLV a silver exchange traded fund are reported in the following table. a.Calculate the sample variance and sample standard deviation for the GLD ETF and SLV ETF.
B)Which asset had a greater variance?
C)Which asset had the greater relative dispersion?

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Definitions:

Income

Refers to the income earned, either periodically or consistently, from employment or investment ventures.

Utility Function

A mathematical expression that ranks preferences over a set of goods or outcomes, representing satisfaction or happiness derived from consumption.

Consumption

The act of using goods and services to satisfy needs and wants, which is a fundamental component of economics.

Income

The money received by an individual or business for services provided, products sold, or investments.