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Consider the following statements:
1. Variance is unaffected by change of origin and change of scale.
2. Coefficient of variance is independent of the unit of observations.
Which of the statements given above is/are correct?
Both 1 and 2
. Neither 1 nor 2
Variance does not depend upon change of origin and unit of observations but it depends upon scale.
By: Yachna ProfileResourcesReport error
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