АС SECTION B Instructions: Answer any THREE (3) questions from this section. Question 1 Johnson's botanical has recorded the following numbers of losses for the past 10 years. Year HIA losses $ 300 400 1 2 300 3 300 4 100 150 6 200 7 200 300 8 9. 300 а. Calculate the following: i. mean ii. median iii. mode iv. variance V. standard deviation vi. coefficient of variation b. Discuss the implications of standard deviation and the coefficient of variation.

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China GDP Year ($ trillions) 2005 2.3 2008 4.6 2011 7.5 2014 10.5 2017 12.0 2020 14.5 2023 17.5 (Source Bloomberg.com U.S. GDP ($ trillions) 13.1 + 14.7 15.5 2032 2035 17.4 19.4 20.6 21.8 China GDP U.S. GDP ($ trillions) 23.2 24.6 26.1 27.7 29.4 30.6 Year ($ trillions) 2026 21.2 2029 25.6 30.9 37.3 2038 45.1 2040 51.1 2. China's GDP vs. United States' GDP I. It is widely predicted that China's economy, mea- sured by Gross Domestic Product (GDP), will even- tually overtake that of the United States. Table 3.17 shows the GDPs for China and the United States from 2005 and projected to 2040 under the assump- tion that China's GDP will grow at an average annual rate of 6.5% and that the United States' GDP will grow at an average annual rate of 2%. Investigate when China's GDP will reach that of the United States under these assumptions about the countries" growth rates by using the following steps. 1. a. Create a scatter plot for the data, with x equal to the number of years after 2000 and…