The Annual Incomes of the fiVe Vice Presidents of Elly's

question 19

Multiple Choice

The annual incomes of the five vice presidents of Elly's Industries are: $41,000, $38,000, $32,000,
$33,000 and $50,000. The annual incomes of Unique, another firm similar to Elly's Industries, were
Also studied and found to have a mean of $38,900 and a standard deviation of $6,612. Which firm
Has the greater coefficient of variation?

• A) Elly's Industries
• B) Uniquee
• C) Both firms have the same coefficient of variation
• D) We have not been given sufficient information to determine.

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