Readers Are Encouraged to Use Microsoft Excel to Solve This

question 1

Multiple Choice

Readers are encouraged to use Microsoft Excel to solve this problem.What is the coefficient of variation (CV) of the following five numbers: 6.40, 7.20, 3.50, 9.20, 5.10?

• A)34%
• B)31%
• C)28%
• D)12%

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Definitions:

Petty Cash

A small amount of cash on hand used for covering minor expenses in a business, such as office supplies or coffee.

Account

A report or description of an event or experience, or the management and arrangement of financial expenditure and receipts.

Commission

A fee or percentage allowed to agents or salespeople for their services.

Salesperson

An individual who sells goods and services to others, aiming to meet customers' needs and ensure satisfaction.