Acme Taxi Has Two Taxi Cabs

question 98

True/False

Acme Taxi has two taxi cabs. The manager tracks the daily revenue for each cab. Over the past 20 days, Cab A has averaged $76.00 per night with a standard deviation equal to $11.00. Cab B has averaged $200.00 per night with a standard deviation of $18.00. Based on this information, the coefficient of variation for Cab B is 9 percent.

---

Definitions:

Fixtures

Objects that are initially personal property but become real property when attached to the land or a structure in a permanent manner.

Tenants By The Entirety

A form of joint property ownership reserved for married couples, where each owns the entire property and upon one's death, the other becomes the sole owner.

Inheritance Interest

The stake or claim that an individual has in the property or estate of a deceased person.

Claim

A demand for something as due or owed, typically a request for money, property, or rights from a party believed to be liable.