Q1Are the following statements true or false? Provide a brief explanation.

a. When the mode > median > mean, the best measure of the centre of the data is the mean.

b. A survey is conducted on 300 Gold Coast residents to determine sport preferences. This data is best described as nominal and should be displayed in a pie chart.

Q2A portfolio is composed of 65% Asset A and 35% Asset B. The covariance between Assets A and B is equal to 0.0004. The average returns and standard deviation on the assets are as follows: