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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).
how do you divide
An irrigation system uses a straight 30m sprinkler pipe which is capped at one end and arranged so that all water is released directly downwards and pivots around a central point.
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John was doing his homework on vertical addition, and had to compute : 5 3+ 3 4 and 6 8 +45 He did the first one easily, just the way his teacher had taught him. He first ad
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Standardization of Variables - Before we use the general distribution curve to determine probabilities of the continuous variables, we require standardizing the original units
Solve for x , y (x + y - 8)/2 =( x + 2 y - 14)/3 = (3 x + y - 12 )/ 11 (Ans: x=2, y=6) Ans : x+ y - 8/2 = x + 2y - 14 /3 = 3x+ y- 12/11
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