Question: 1.16 Using the data from Problem 1.14: (a) Calculate the average rate of growth of the series for dwellings. (b) Calculate the standard deviation around

1.16 Using the data from Problem 1.14:

(a) Calculate the average rate of growth of the series for dwellings.

(b) Calculate the standard deviation around the average growth rate.

(c) Does the series appear to be more or less volatile than the investment figures used in the chapter? Suggest reasons.

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