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Consider the following statements: 1. Variance is unaffected by change of origin and change of scale. 2. Coefficient of variance is independent of the unit of observations. Which of the statements given above is/are correct? A. 1 only B. 2 only C. Both 1 and 2 D. Neither 1 nor 2 |
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Answer» Correct option B. 2 only Explanation: Variance does not depend upon change of origin and unit of observations but it depends upon scale. |
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