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Variance
Consider the example of investment opportunities. The expected gains were Rs.114 and Rs.81 respectively. The fact is that an investor also looks at the dispersion before coming to a decision.
The dispersion of opportunity 1 is far greater than that of opportunity 2. This might alarm the investor.
In this example, it might be worthwhile to compute the coefficient of variation.
For opportunity 1, this works out to be
= (42/114) x 100 = 36.84%
For opportunity 2, this works out to be
= (29.14/81) x 100 = 35.97%
The investor may regard both opportunities homogeneous in this regard and therefore find opportunity 1 more attractive (because of the higher expected returns).
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Variable stars are ones whose brightness varies periodically. One of the most visible is R Leonis; its brightness is modelled by the function where t is measured in days.
1+1
1
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NUMBER SYSTEMS: Numbers are intellectual witnesses that belong only to mankind. Example: If the H C F of 657 and 963 is expressible in the form of 657x + 963 x -
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