The spread in the annual prices of stocks selling for under $10 and the spread in prices
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The spread in the annual prices of stocks selling for under $10 and the spread in prices of those selling for over $60 are to be compared. The mean price of the stocks selling for under $10 is $5.25 and the standard deviation $1.52. The mean price of those stocks selling for over $60 is $92.50 and the standard deviation $5.28.
a. Why should the coefficient of variation be used to compare the dispersion in the prices?
b. Compute the coefficients of variation. What is your conclusion?
Stocks or shares are generally equity instruments that provide the largest source of raising funds in any public or private listed company's. The instruments are issued on a stock exchange from where a large number of general public who are willing...
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a The data are in the same units but the ...View the full answer
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Related Book For 
Basic Statistics For Business & Economics
ISBN: 9781259268939
6th Canadian Edition
Authors: Douglas A. Lind, William G Marchal, Samuel A. Wathen, Carol Ann Waite
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