Suppose that a financial analyst wants to evaluate the variability of the prices of a new stock in the market. The analyst collects closing stock prices of new stock issues: 15, 14, 19, 16, 11, 14, 10, and 9.
a. Compute the mean price of the stock
b. What is the median price?
c. Compute the variance and standard deviation
d. Describe the variability of the stock.