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Edina Reality is interested in drawing comparison on price variations between two neighborhoods Woodbury and Cottage...

  1. Edina Reality is interested in drawing comparison on price variations between two neighborhoods Woodbury and Cottage Grove. Woodbury has x-bar of 120,000$ and a sample standard deviation of 2000$. Cottage grove has x-bar of 900,000$ and sample standard deviation of 10,000$. Which neighborhood has higher relative variability?

  1. Woodbury has higher relative variability as compared to Cottage Grove.

  2. Cottage Grove has higher relative variability as compared to Woodbury.

  3. Both neighborhoods have same variability.

  4. Cannot decide based on given information.

Math   Statistics-And-Probability   
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