Multiple Choice
The means differ vastly. 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. Determine the coefficient of variation for each firm.
A) Elly's Industries=17, Unique =19
B) Elly's Industries=19, Unique =17
C) Elly's Industries=16, Unique =18
D) Elly's Industries=18, Unique =17
Correct Answer:
Verified
Correct Answer:
Verified
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