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Already buddy let me help you here with this

question it is a nice question with a long solution
but I will try to explain you in the easiest way I
can.

Here we have the given data of the countries

CPI so what we have to hear first we have to
calculate the inflation rate but the help of CPI
then we have to plot it in the graph and in the
final stage we have to calculate standard
deviation for all the countries to find out which
country has the most variable inflation rate
because the country is having the highest
standard deviation will have the most variable
inflation rate so let as approach the question now

Inflation of Country in N year =

For Example inflation of Canada in 1981 will be

=( (CPI¹⁹⁸¹ - CPI ¹⁹⁸⁰) /CPI ¹⁹⁸⁰) ×100

=((85.6-76.1)/76.1)×100 =》12.48

Similarly you have to find each and every rate for

every year then you will get the new inflation
table

In the above graph

Dark Blue = U.S

Red = Canada

Green = japan

Purple = france

Sky blue =germany

Orange = Italy

Voilet =U.K.

Now let us find standard daviation with the help

of the formula

Here X= inflation

Xbar = mean

N= number of infaltion

Standard deviation for US will be

Year X (X-XBAR)²
10.32
1981 46.0857
6.16
1982 6.9365
3.21
1983 0.0989
4.32
1984 0.6247
356
1985 0.0012
1.86
1986 2.7827
3.65
1987 0.0151
4.14
1988 0.3726
4.82
1989 1.6676
5.40
1990 3.5207
4.21
1991 0.4641
3.01
1992 0.2669
2.99
1993 0.2844
2.56
1994 0.9338
2.83
1995 0.4801
2.95
1996 0.3296
2.29
1997 1.5189
1.56
1998 3.8780
2.21
1999 1.7379
336
2000 0.0274
2.85
2001 0.4642
158
2002 3.7864
2.28
2003 1.5571
2.66
2004 0.7462
3.39
2005 0.0193

Mean(xbar)=3.53 Sum =78.6

= 1.77

As from the above solution we can clearly see

that Italy is having the highest standard deviation
which means Italy is having most variable
inflammation rate.

Alright buddy I have solved your question And if

you still have any doubt comment below I will
help you kindly appreciate!

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