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The following are the gains and losses (in thousands of pesos) of two commodities for 10 business days. Commodity1:6, 4, 2, -3, 4, 0, -2,
The following are the gains and losses (in thousands of pesos) of two commodities for 10 business days.
Commodity1:6, 4, 2, -3, 4, 0, -2, 5, 4, 5
Commodity2:3, 2, 0, -1, -4, 3, 5, 6, 5, 5
Required:
1. Calculate the mean and standard deviation of each of the samples.
2. Which commodity shows the more consistent performance?
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