Greater coefficient of variation


The annual incomes of the five vice presidents of Elly's Industries are: $41,000, $38,000, $32,000, $33,000 and $50,000. The annual incomes of Unique, another firm similar to Elly's Industries, were also studied and found to have a mean of $38,900 and a standard deviation of $6,612. What company has the greater coefficient of variation?

Solution Preview :

Prepared by a verified Expert
Basic Statistics: Greater coefficient of variation
Reference No:- TGS0682043

Now Priced at $5 (50% Discount)

Recommended (91%)

Rated (4.3/5)