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Question:
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Consider the following statements: $\quad$
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 . 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?
Solution:
2864 Upvotes
Verified Answer
The correct answer is:
2 only
Only statement 2 is correct
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