- AX, 3%
- BY, 22.22%
- CX, 25%
- DY, 2%
Step-by-Step Solution
CV(X) ; CV(Y) . Y has the lower CV, so it is relatively less variable.
Answer: B) Y, 22.22%
Fund X has mean monthly return 12% with SD 3%; Fund Y has mean 9% with SD 2%. Which fund is less variable relative to its mean, and what is its coefficient of variation?
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