Q 10: Mr. Adheel, a Manager with Construction Company working in Ibra and his friend Mr. Anees who is also working as a Manager with Construction Company in Muscat. The average weekly milk products expenditure for both in the last 07 years is as per below: Year Expenditure in Expenditure Muscat (RO) in Ibra (RO) 2013 12 30 2014 33 15 2015 30 30 2016 28 27 2017 34 18 2018 24 23 2019 27 24 a) If cost of living is positively correlated with milk expenditure, which city will have consistent cost of living? Find out using coefficient of variation b) Why do you think coefficient of variation is more precise than Standard deviation? Discuss critically

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Q 10: Mr. Adheel, a Manager with Construction Company working in Ibra and his friend Mr. Anees
who is also working as a Manager with Construction Company in Muscat. The average weekly milk
products expenditure for both in the last 07 years is as per below:
Year
Expenditure in Expenditure
Muscat (RO)
in Ibra (RO)
2013
12
30
2014
33
15
2015
30
30
2016
28
27
2017
34
18
2018
24
23
2019
27
24
a) If cost of living is positively correlated with milk expenditure, which city will have consistent
cost of living? Find out using coefficient of variation
b) Why do you think coefficient of variation is more precise than Standard deviation? Discuss
critically
Transcribed Image Text:Q 10: Mr. Adheel, a Manager with Construction Company working in Ibra and his friend Mr. Anees who is also working as a Manager with Construction Company in Muscat. The average weekly milk products expenditure for both in the last 07 years is as per below: Year Expenditure in Expenditure Muscat (RO) in Ibra (RO) 2013 12 30 2014 33 15 2015 30 30 2016 28 27 2017 34 18 2018 24 23 2019 27 24 a) If cost of living is positively correlated with milk expenditure, which city will have consistent cost of living? Find out using coefficient of variation b) Why do you think coefficient of variation is more precise than Standard deviation? Discuss critically
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