500 words discussion
Descriptive Statistics, Part I: Visualizing Data, Measures of Central Tendency, and Measures of Variation
Investing in stocks can be risky. Depending on the amount invested, a person stands to lose or gain a significant amount of money. Because of this, people use various metrics and measures to determine whether or not to invest in a specific stock.
You have been given $5000 to invest in any stock on any stock exchange. Select any stock from any exchange. Using ten different stock prices over the past month, calculate the mean price of the stock, the range of the ten stock prices, and the standard deviation.
Because the standard deviation is a measure of variation, based on the standard deviation explain why or why not you would invest in this particular stock.
