TABLE 3-3 The Ordered Array Below Represents the Number of Vitamin Supplements

question 66

Short Answer

TABLE 3-3
The ordered array below represents the number of vitamin supplements sold by a health food store in a sample of 16 days.
19, 19, 20, 20, 22, 23, 25, 26, 27, 30, 33, 34, 35, 36, 38, 41
Note: For this sample, the sum of the values is 448, and the sum of the squared differences between each value and the mean is 812.
-Referring to Table 3-3, the coefficient of variation of the number of vitamin supplements sold in this sample is ________ percent.

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Definitions:

Certainty Equivalent Approach

A method used in capital budgeting and investment theory that adjusts the future cash flows of investments for risk, making them equivalent to certain cash flows with no risk.

Risky Projects

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Cash Flow Estimates

A projection of how cash is expected to flow in and out of a business over a given period of time, helping in financial planning and analysis.

Economic Forecasts

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