Consider the following question for measures of dispersion: A. Range is sensitive to extreme, B. Coefficient of variation \(CV\) is unit free, C. Quartile deviation is \((Q_3-Q_4)/2\), D. Inter Quartile range \(IQR=Q_3-Q_1\), E. Variance is square root of standard deviation.

Question

Match List-I with List-II \[\begin{array}{|c|c|} \hline \textbf{Categories of Time Series Patterns} & \textbf{Their meaning} \\ \hline \text{(A) Seasonal Variation} & \text{(I) movement in an economic variable that is periodic.} \\ \hline \text{(B) Random Fluctuation} & \text{(II) steady movement in an economic variable over time.} \\ \hline \text{(C) Business Cycles} & \text{(III) movement in an economic variable that depends on the time of the year.} \\ \hline \text{(D) Trends} & \text{(IV) movement in an economic variable that are due to unpredictable factors.} \\ \hline \end{array}\] Choose the correct answer from the options given below:

Firm 2	Cooperate	Compete
Firm 1	5, 5	0, 10
Compete	10,0	2, 2

Consider the following question for measures of dispersion: A. Range is sensitive to extreme, B. Coefficient of variation \(CV\) is unit free, C. Quartile deviation is \((Q_3-Q_4)/2\), D. Inter Quartile range \(IQR=Q_3-Q_1\), E. Variance is square root of standard deviation.

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The Correct Option is B

Solution and Explanation

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