Question

The fluctuations in the market value of 4 different commodities are given for certain weeks from February to July.



If the price volatility is defined as:
PV =$\frac{\text{Highest price in that period - Lowest price in that period}}{\text{Average price in that period}}$
then what is the price volatility of gold for the given period of time?

• A. 0.47
• B. 0.21
• C. 0.33
• D. 0.61

Answer 1

The correct option is C 0.33

Option (C) is the correct answer. Check the video for the approach.