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Answers to MCQ

Answer to Short Questions

  1. Sample variance (3 marks)

  2. Coefficient of Variation (3 marks)

Your Answer:

  1. If 80% of the monthly expenses is below $600, then it indicates that the XYZ has not been overspending. From the above grouped data, would you say that XYZ has been overspending? Show your calculation. (3 marks)

Your Answer:

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