Business Statistics Objective Set 3

1. Which of the following is not a relative measure of dispersion? Standard deviation[Ans] Range[Ans] Coefficient of Variation Quartile Deviation[Ans] Note: Only the coefficient of variation is a relative measure of dispersion 2. If coefficient of correlation between two variables is 0.6 than it means 60% of the variations between variables can be explained[Ans] 6%…

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