The table below shows the freight costs per tonne recorded in the middle of the month for deliveries to aremote construction site over 1 year:January February March April May June July August September October November December1787 1165 1015 1758 1671 1237 1976 1860 13911741 19691221Determine the monthly volatility for these freight costs? (Answer to 3 decimal places)Determine the annual volatility? (Answer to 3 decimal places)

The standard deviation informs us how spread apart the statistics in a group are from the average. A…

Answered: Determine the monthly volatility for…

Determine the monthly volatility for these freight costs? (Answer to 3 decimal places) Determine the annual volatility? (Answer to 3 decimal places)

Managerial Accounting: The Cornerstone of Business Decision-Making

7th Edition

ISBN:9781337115773

Author:Maryanne M. Mowen, Don R. Hansen, Dan L. Heitger

Publisher:Maryanne M. Mowen, Don R. Hansen, Dan L. Heitger

Chapter3: Cost Behavior And Cost Forecasting

Section: Chapter Questions

Problem 3DQ: Suppose a company finds that shipping cost is 3,560 each month plus 6.70 per package shipped. What...

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The table below shows the freight costs per tonne recorded in the middle of the month for deliveries to a
remote construction site over 1 year:
January February March April May June July August September October November December
1787 1165 1015 1758 1671 1237 1976 1860 1391
1741 1969
1221
Determine the monthly volatility for these freight costs? (Answer to 3 decimal places)
Determine the annual volatility? (Answer to 3 decimal places)

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