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The Following Data Represent the Number of Children in a Sample

question 153

Essay

The following data represent the number of children in a sample of 10 families from a certain community: 4,2,1,1,5,3,0,1,0,and 2.
a.Compute the range.
b.Compute the variance.
c.Compute the standard deviation.
d.Compute the coefficient of variation.
e.Explain why in this case range > variance > standard deviation > coefficient of variation.

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Definitions:

Fixed Asset

A durable, physical asset that a company possesses and utilizes in its activities to produce revenue over an extended period.

Net Cash Flow

The difference between cash inflows and outflows within a specified period, indicating the company's liquidity.

Net Income

The net income of a company following the deduction of all taxes and expenses from the gross revenue.

Cash Payback Period

The period of time required for the return on an investment to "pay back" the sum of the original investment.

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