11 May Q3.15 is there a difference in the variation of the yield
Q3.15 is there a difference in the variation of the yields of different types of investments? The file CD Rate contains the yields for one-year certificates of deposit (CDs) and five-year CDs for 24 banks in the United States, as of June 21, 2012.
| Bank | One-Year | Five-Year |
| AIG | 0.88 | 1.6 |
| Ally | 1.03 | 1.69 |
| American | 0.45 | 1.7 |
| Ascencia, a division of PBI Bank | 1 | 1.56 |
| Astoria Federal | 0.1 | 1.25 |
| Bank of Internet USA | 0.75 | 1.6 |
| Barclay | 1 | 1.8 |
| Centennial | 0.25 | 1.06 |
| Colorado federal | 1.05 | 1.65 |
| Discover | 0.9 | 1.75 |
| First Internet Bank of Indiana | 0.85 | 1.6 |
| Giantbank.com | 0.7 | 1.55 |
| Heritage Bank | 0.4 | 1.3 |
| IGObanking.com | 0.15 | 0.5 |
| Intervest National | 0.55 | 1.75 |
| Lone Star | 0.9 | 1.5 |
| MetLife | 1.05 | 1.5 |
| Nova | 0.5 | 1 |
| OneWest | 0.85 | 1.65 |
| Salem Five | 0.25 | 1.25 |
| State farm | 0.4 | 1.26 |
| Transportation Alliance | 0.65 | 1.64 |
| USAA | 0.86 | 1.66 |
| VirtualBank | 0.9 | 1.51 |
a)For one-year and five-year CDs, separately compute the variance, standard deviation, range, and coefficient of variation.
b)Based on the results of (a), do one-year CDs or five-year CDs have more variation in the yields offered? Explain.
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