THE NEXT QUESTIONS ARE BASED ON THE FOLLOWING INFORMATION

question 308

Essay

THE NEXT QUESTIONS ARE BASED ON THE FOLLOWING INFORMATION:
In a recent survey,12 students at a local university were asked approximately how many hours per week they spend on the Internet.Their responses were: 13,0,5,8,22,7,3,0,15,12,13,and 17.
-What is the coefficient of variation for this data?

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Definitions:

Insurance Application

A formal request or proposal to an insurance company for coverage, detailing personal or organizational information relevant for underwriting.

Risk Management

The process of identifying, assessing, and prioritizing risks followed by coordinated efforts to minimize, monitor, and control the probability or impact of unfortunate events.

Insurance Company

An entity that provides financial compensation to individuals or entities against losses from specified risks in exchange for premiums.

Risk Distribution

The practice of spreading financial risk across various parties, investments, or financial instruments to reduce the impact of any one failure.