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From the prices of shares X and Y below, find out which is more stable in value:

 

 

Solution:-

From the given data,

draw the table of the given data and append other columns after calculations.

Now calculate Mean for x,

Mean

Where, n = number of terms

Variance for x=

WKT Standard deviation =

So, co-efficient of variation

Calculate Mean for y,

Mean

Where, n = number of terms

Variance for y

WKT Standard deviation

So, co-efficient of variation

Compare C.V. of X and Y.

C.V of X > C.V. of Y

So, Y is more stable than X.