The mean of the number of sales of cars over a 3-month period is $87,

1.	The mean of the number of sales of cars over a 3-month period is $87, and the standard deviation is 5. The mean of the commissions is $5225, and the standard deviation is $773. A. calculate the coefficient of variation. B. compare the variation of the two and give your comments regarding the variation.
Answer» Answer: Heya................❤✌ A) Coefficient of Variation (SALES) = (5/87) 100 = 5.74% Coefficient* of Variation ( commotions) = (773/5225)100 = 14.8% B) Commissions* are more VARIABLE & less stable & less uniform than sales. *Explanation* : Coefficient of variation is large INDICATES that the GROUP is more variable & it is less stable or less uniform. If a coefficient of variation is small then it indicates that the group is less variable & it is more stable & more uniform. HOPE it’s helpful....... ☺

The mean of the number of sales of cars over a 3-month period is $87, and the standard deviation is 5. The mean of the commissions is $5225, and the standard deviation is $773. A. calculate the coefficient of variation. B. compare the variation of the two and give your comments regarding the variation.

Answer»

Answer:

Heya................❤✌

A) Coefficient of Variation (SALES) = (5/87) *100

= 5.74%

Coefficient of Variation ( commotions) = (773/5225)*100 = 14.8%

B) Commissions are more VARIABLE & less stable & less uniform than sales.

Explanation : Coefficient of variation is large INDICATES that the GROUP is more variable & it is less stable or less uniform. If a coefficient of variation is small then it indicates that the group is less variable & it is more stable & more uniform.

HOPE it’s helpful....... ☺

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