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The Means Differ Vastly

question 67

Multiple Choice

The means differ vastly. 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. Determine the coeﬃcient of variation for each ﬁrm.

Definitions:

Creative Behaviour

Actions that result in new or innovative ideas, solutions, or outcomes.

Complex Innovations

Innovations characterized by multiple interdependent components that require coordinated implementation across different parts of an organization or society.

Diffuse

To spread or scatter over a wide area or among a large number of people.

Complex Innovations

Complex Innovations are advancements or creations that involve intricate processes, technologies, or ideas, often requiring interdisciplinary knowledge and collaboration.