Which type of option helps the importer to hedge risks of exchange rate? A. Put option B. All names are not correct c. Call opti
1 answer:
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Answer:
a. There is more variability in the prices of kid socks because they have a greater range.
Step-by-step explanation:
A measure of variability is a summary statistic that represents the amount of dispersion in a dataset. Common examples are range, interquartile range (IQR), variance, and standard deviation.
From the histogram
Highest Number of Packs of Adult Socks = 7
Lowest Number of Packs of Adult Socks = 5
Range = 7 - 5 =2
Highest Number of Packs of Kid Socks = 7
Lowest Number of Packs of Kid Socks = 4
Range = 7-4 = 3
We conclude that there is more variability in the prices of kid socks because they have a greater range.
The correct option is A.
