**NMIMS June 2023 PGDM assignments-With reference to Coefficient of Variation (CV), calculate the CV of two data sets where the Standard Deviation and Mean of the data set are 2.5 and 76 respectively; and the Standard Deviation and Mean of the second data **

**NMIMS June 2023 PGDM assignments-With reference to Coefficient of Variation (CV), calculate the CV of two data sets where the Standard Deviation and Mean of the data set are 2.5 and 76 respectively; and the Standard Deviation and Mean of the second data **

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**Business Statistics for Decision Making**

**1)** **Business Statistics for Decision Making or in a greater sense Data Analysis for Decision Making is fundamental to Business Decisions in a competitive world. Explain the statement with reference to suitable examples. (10 Marks) **

**2) Measures of Central Tendency tell us the nature of the data collected for analysis. State the uses of the various measures of central tendency in business decision making. (10 Marks)**

**3 a) Coefficient of Variation is a measure of variability of data points in a data set. With reference to this explain this statement. (5 Marks) **

**b) With reference to Coefficient of Variation (CV), calculate the CV of two data sets where the Standard Deviation and Mean of the data set are 2.5 and 76 respectively; and the Standard Deviation and Mean of the second data set is 8.9 and 45. Infer your results. (5 Marks) **