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The table below shows the freight costs per tonne recorded in the middle of the month for deliveries to a remote construction site over

The table below shows the freight costs per tonne recorded in the middle of the month for deliveries to a remote construction site over 1 year: January February March April May June July August September October November December 1457 1188 1367 1260 1030 1270 1595 1846 1497 1673 1391 1375 Determine the monthly volatility for these freight costs? (Answer to 3 decimal places) Determine the annual volatility? (Answer to 3 decimal places)

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