SOLUTION: A random sample of 30 receipts for individuals shopping at CVS Pharmacy showed the sample mean to be x=28.19 with sample standard deviation s=4.06. Compute the coefficient of varia
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Question 386770: A random sample of 30 receipts for individuals shopping at CVS Pharmacy showed the sample mean to be x=28.19 with sample standard deviation s=4.06. Compute the coefficient of variation for this data.
a.) 6.94%
b.) 14.4%
c.) 694%
d.) 4.32%
e.) 0.48%
Answer by robertb(5830) (Show Source): You can put this solution on YOUR website!
The coefficient of variation is defined as sample standard deviation divided by the sample mean. Hence . Thus the answer is b.)
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