A Data Set Has a Mean of 177 and a Standard

question 61

Multiple Choice

A data set has a mean of 177 and a standard deviation of 20. Compute the coefficient of variation.

• A) 20.00
• B) 0.11
• C) 2.26
• D) 9.09

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Definitions:

Principal

The original sum of money borrowed in a loan, or the amount of the loan that has not yet been repaid, excluding interest.

Straight-Line Method

A depreciation technique that allocates an equal portion of an asset's cost to each period of its useful life.

Interest Expense

The cost incurred by an entity for borrowed funds, represented as a charge against earnings in the income statement.

Interest Payable

The amount of interest that has been incurred on borrowed funds that a company must pay, typically represented as a current liability on the balance sheet.