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Consider the following statements : 1....

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 observation.
Which of the statements given above is/are correct?

A

1 only

B

2 only

C

Both 1 and 2

D

Neither 1 nor 2

Text Solution

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The correct Answer is:
B
Only statement 2 is correct
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