Calculate the coefficient of variations for salaries


The annual salaries of an employee who work for a company have a mean of $62,250 and a standard deviation of 9,820. The years of experience for the same employees have a mean of 18 years and a standard deviation of 2.5 years. Is the relative variation in the salaries larger than that in the years of experience for these employees? Calculate the Coefficient of variations for salaries and the years of experience. Discuss which is more valuable?

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Macroeconomics: Calculate the coefficient of variations for salaries
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