If the Coefficient of Variation Is 40% and the Mean

question 84

Multiple Choice

If the coefficient of variation is 40% and the mean is 70, then the variance is

• A) 28.
• B) 2800.
• C) 1.75.
• D) 784.

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Definitions:

Damages

A monetary compensation awarded by a court to indemnify someone who has suffered loss or injury due to the unlawful act or negligence of another.

Privity of Contract

The rule that only the individuals or entities who are parties to a contract can have rights or duties imposed by the contract itself.

Statutory Assignment

The transfer of rights or benefits from one party to another in accordance with specific statutes or laws.

Equitable Assignment

The transfer of rights or benefits from one party to another, recognized by equity and intended to be binding, often used in absence of formal legal assignment.