If the Coefficient of Variation Is 40% and the Mean

question 84

Multiple Choice

If the coefficient of variation is 40% and the mean is 70, then the variance is

• A) 28.
• B) 2800.
• C) 1.75.
• D) 784.

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Definitions:

Equity Method

An accounting technique used to record investments in other companies, where the investment's value is adjusted to reflect the investor's share of the company's post-acquisition earnings or losses.

Gross Profit

The difference between revenue and the cost of goods sold, before deducting overheads, salaries, and other operating expenses.