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. 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