The Annual Incomes of the Five Vice Presidents of Elly's

Multiple Choice

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. Which firm has the greater coefficient of variation?

A) Elly's Industries
B) Unique
C) Both firms have the same coefficient of variation
D) We have not been given sufficient information to determine.