(I If Two Sets of Data Are in Different Units

question 77

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 3.95
(iii) The coefficient of variation 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:

Business Reports

Documents that provide an analysis of the business situation, often aimed at assisting in decision-making processes.

Cause-Effect

A relationship where one event (the cause) leads to the outcome of another event (the effect).

Interpretation

The action of explaining the meaning of something, or a way of understanding information within a specific context.

Income Records

Documentation that details the earnings or revenue received by an individual or organization over a certain period.