What Is(are)the Characteristic(s)of the Coefficient of Variation

question 98

Multiple Choice

What is(are) the characteristic(s) of the coefficient of variation?

• A) It adjusts for differences in the magnitude of means.
• B) It has the same units of measurement as the observations.
• C) It allows for direct comparisons across different data sets.
• D) Both it adjusts for differences in the magnitude of means and it allows for direct comparisons across different data sets.

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Definitions:

Substitutes

Products or services that can replace each other in use, offering consumers choices in the marketplace.

Demand Curve

A graphical representation showing the relationship between the quantity of a good consumers are willing and able to purchase and its price.

Income

Money that an individual or business receives in exchange for providing a good or service or through investing capital.

Substitutes

are goods or services that can be used in place of each other, where an increase in the price of one leads to an increase in demand for the other.