Salaries of Office Workers ​ the Following Data Represent the Salaries

question 79

Essay

Salaries of Office Workers ​ The following data represent the salaries (in thousands of dollars)of a sample of 13 office workers of a firm: 26.5,23.5,29.7,24.8,21.1,24.3,20.4,22.7,27.2,23.7,24.1,24.8,and 28.2. ​ ​
-{Salaries of Office Workers Narrative} Compute the coefficient of variation and express the number in the appropriate unit.

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Definitions:

Significant Variances

Large or important differences between planned and actual figures in a budget or financial statement, often requiring further investigation.

Customer Perspective

An aspect of business strategy that focuses on understanding and meeting the current and future needs of customers.

Balanced Scorecard

A strategic planning and management system used to align business activities to the vision and strategy of the organization, improve internal and external communications, and monitor organization performance against strategic goals.

Overhead Volume Variance

A measure of the difference between the estimated and actual overhead costs, due to changes in production volume.