(I If Two Sets of Data Are in Different Units

question 79

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 standard deviation is computed, it would be measured in dollars squared.
(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:

Nuts

Edible seeds or fruits with a hard shell, often used as a source of food or oil.

Berries

Small, pulpy fruits typically containing several seeds, enjoyed both fresh and in a variety of prepared foods.

Min Function

In mathematics, a function that identifies the smallest value in a set of numbers.

Income

Represents the money received, especially on a regular basis, for work or through investments.