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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?

Options

  1. A1 only
  2. B2 only
  3. CBoth 1 and 2
  4. DNeither 1 nor 2

Correct answer

B. 2 only

Step-by-step solution

Only statement 2 is correct

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