Refer to the Following Probability Distribution for Profit to Answer $$\begin{array} { c c } \text { Prafit } & \text { Prabability } \\\hline \$ 30 & 0 .05 \\40 & 0 .25 \\50 & 0.60 \\60 & 0.10\end{array}$$

question 8

Multiple Choice

Refer to the following probability distribution for profit to answer the question below: $$\begin{array} { c c } \text { Prafit } & \text { Prabability } \\\hline \$ 30 & 0 .05 \\40 & 0 .25 \\50 & 0.60 \\60 & 0.10\end{array}$$ What is the coefficient of variation for this distribution?

• A)1.67
• B)0.675
• C)18.6
• D)0.147
• E)1.03

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Definitions:

Operating Expenses

The costs associated with the day-to-day activities of a business, excluding costs directly tied to the production of goods or services, such as rent, utilities, and salaries.

Merchandising Company

A business that purchases finished goods for resale in order to earn a profit, without transforming these goods.

Wholesale Parts Company

A business entity that specializes in purchasing and selling automotive, machinery, or electronic parts in large quantities at lower prices, primarily to retailers or repair shops rather than end consumers.

Candy Store

A retail establishment specializing in the sale of candies, chocolates, and often other sorts of confections and sweets.