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) About Me  (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 cv+=+4.06%2F28.19=+0.144. Thus the answer is b.)